Avid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 2 months agoRoomba maker iRobot swept into bankruptcyarstechnica.comexternal-linkmessage-square33fedilinkarrow-up1297arrow-down12file-text
arrow-up1295arrow-down1external-linkRoomba maker iRobot swept into bankruptcyarstechnica.comAvid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 2 months agomessage-square33fedilinkfile-text
minus-squareAwesomeLowlander@sh.itjust.workslinkfedilinkEnglisharrow-up6·2 months agoWhat market share? The article is very explicit that irobot went broke due to competition.
minus-squareMDCCCLV@lemmy.calinkfedilinkEnglisharrow-up7arrow-down1·2 months agoI think the part where if they had limited their debt and controlled their costs they should still be selling enough to stay open. The other products are better but they still don’t have the brand recognition.
minus-squareRooster326@programming.devlinkfedilinkEnglisharrow-up7·2 months agoThey literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.
minus-squareAwesomeLowlander@sh.itjust.workslinkfedilinkEnglisharrow-up2·2 months agoThey were a few hundred million in debt. That’s gonna need more than a reorg to handle.
What market share? The article is very explicit that irobot went broke due to competition.
I think the part where if they had limited their debt and controlled their costs they should still be selling enough to stay open. The other products are better but they still don’t have the brand recognition.
They literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.
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They were a few hundred million in debt. That’s gonna need more than a reorg to handle.