Comment on Roomba maker iRobot swept into bankruptcy

• MDCCCLV@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  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.

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  • Rooster326@programming.dev ⁨1⁩ ⁨day⁩ ago

    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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    • witty_username@feddit.nl ⁨1⁩ ⁨day⁩ ago

      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

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  • AwesomeLowlander@sh.itjust.works ⁨1⁩ ⁨day⁩ ago

    They were a few hundred million in debt. That’s gonna need more than a reorg to handle.

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