this post was submitted on 16 Dec 2025
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276
Roomba maker iRobot swept into bankruptcy (arstechnica.com)
submitted 3 days ago by avidamoeba@lemmy.ca to c/technology@lemmy.world
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Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.

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[–] flamiera@kbin.melroy.org 2 points 2 days ago

It is exactly how when companies make the most cutting edge software or develop a platform that gets white-hot. It's about building portfolio and padding it.

They pour into the hard work to make whatever they make the best of its kind. Then when so many people are using it and the value grows, once a company sees its peak value, then it is time to sell.

We've seen this happen many times. Skype to Microsoft. Twitter to Musk. Deals that are worth billions and are making the original creators set for life.