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Technology@lemmy.worldEnglish · 2 months ago

Roomba maker iRobot swept into bankruptcy

arstechnica.com

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Roomba maker iRobot swept into bankruptcy

arstechnica.com

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Technology@lemmy.worldEnglish · 2 months ago

Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.

Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.

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Rooster326@programming.dev
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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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