Amazon, iRobot and the Smart Home Data Play - Multichannel Merchant
Jason Boyce, founder and CEO of Avenue7Media, discusses Amazon and the data privacy and antitrust concerns around its purchase of iRobot.
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Jason Boyce, founder and CEO of Avenue7Media, discusses Amazon and the data privacy and antitrust concerns around its purchase of iRobot.
Actuator is the weekly TechCrunch newsletter covering all things robotic.
IRobot, a major manufacturer of consumer robots that Amazon recently acquired for $1.7 billion, has laid off 10% of its workforce, or almost 140 people. The business claimed that it is in the midst of 'restructuring its operations' in order to better match its cost structure with short-term income. According to the company's quarterly financial report, 'the actions are estimated to result in a net reduction of roughly 140 people, which equals 10% of the company's workforce as of July 2, 2022.' According to the corporation, the restructuring should result in net sa...
Researchers and experts argue Amazon wants to create a monopoly while invading your privacy simultaneously.
In a widely-shared series of tweets, anti-monopoly activist Ron Knox said that the deal “may be the most dangerous, threatening acquisition in the company's history.”