Comment on Roomba maker iRobot swept into bankruptcy
AwesomeLowlander@sh.itjust.works 1 month agoWhat market share? The article is very explicit that irobot went broke due to competition.
Comment on Roomba maker iRobot swept into bankruptcy
AwesomeLowlander@sh.itjust.works 1 month agoWhat market share? The article is very explicit that irobot went broke due to competition.
MDCCCLV@lemmy.ca 1 month 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.
Rooster326@programming.dev 1 month 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.
AwesomeLowlander@sh.itjust.works 1 month ago
They were a few hundred million in debt. That’s gonna need more than a reorg to handle.