IRobot stock dropped to a 14-year low after Amazon canceled its planned acquisition of the maker of Roomba robot vacuum cleaners. The post IRobot Stock…
It's an annoying, relatable story: You try accessing a website for something urgent like concert tickets or Black Friday deals, only to find yourself waiting for pages that load slowly, if at all.
The far-reaching power of Amazon sales reached into the I Robot Vaccuum maker's business, causing it
Amazon announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of the deal fell 15% after iRobot incurred new debt.