Avid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 2 days agoRoomba maker iRobot swept into bankruptcyarstechnica.comexternal-linkmessage-square35fedilinkarrow-up1290arrow-down12file-text
arrow-up1288arrow-down1external-linkRoomba maker iRobot swept into bankruptcyarstechnica.comAvid Amoeba@lemmy.ca to Technology@lemmy.worldEnglish · 2 days agomessage-square35fedilinkfile-text
minus-squareMDCCCLV@lemmy.calinkfedilinkEnglisharrow-up7·23 hours agoI 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.
minus-squareRooster326@programming.devlinkfedilinkEnglisharrow-up7·22 hours agoThey literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.
minus-squarewitty_username@feddit.nllinkfedilinkEnglisharrow-up1·12 hours agoThere 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
minus-squareAwesomeLowlander@sh.itjust.workslinkfedilinkEnglisharrow-up2·23 hours agoThey were a few hundred million in debt. That’s gonna need more than a reorg to handle.
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.
They literally used all of their money to do stock buybacks. Imagine if they put it into R&D. Maybe they would still exist.
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
They were a few hundred million in debt. That’s gonna need more than a reorg to handle.