this post was submitted on 12 Mar 2025
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Troubled robot vacuum-cleaner maker iRobot, abandoned by Amazon after regulators effectively doomed the web giant's takeover offer, has warned investors it may not survive the next 12 months.

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[–] [email protected] 181 points 1 week ago (22 children)

Hmm so this entire trick of setting up companies just to be bought by mega corps appears to be not a viable strategy if anti trust law is enforced?

Edit: apparently this company was set up before sell to mega corp craze got kicked off. I don't think changes the thesis but this case study doesn't support it with the strength I suggested

Hmm as if last 30 years of corpo behavior has been essentially to maintain mega corp dominance via captured regulators and legislators

We got the capitalism alright but where is the free market at, daddy?

[–] Glitchvid 86 points 1 week ago (2 children)

Don't worry, the new strategy is to string a company along with talks of a buyout, then when their cash runs out and they declare bankruptcy, to buy all the assets on fire sale.

[–] [email protected] 26 points 1 week ago

Owners of the take over target shoulda worked harder and maybe ate less avocado toast?

[–] SpaceNoodle 7 points 1 week ago (2 children)

fire tablet, fire phone, fire sale!

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