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.

    • MDCCCLV@lemmy.ca
      English
      71·
      4 天前

      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.

      • Rooster326@programming.devEnglish
        7·
        4 天前

        They literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.

        • witty_username@feddit.nlEnglish
          1·
          3 天前

          There it is. Stock buy backs driving the company into insolvency. This should be illegal. They are killing the company to pay investors. It is a farce