Troubled robot vacuum-cleaner maker iRobot, abandoned by Amazon after regulators effectively doomed the web giant’s takeover offer, has warned investors it may not survive the next 12 months.

  • sunzu2@thebrainbin.org
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    22 days ago

    Hmm so this entire trick of setting up companies just to be bought by mega corps appears to be not a viable strategy if anti trust law is enforced?

    Hmm as if last 30 years of corpo behavior has been essentially to maintain mega corp dominance via captured regulators and legislators

    We got the capitalism alright but where is the free market at, daddy?

    • Glitchvid@lemmy.world
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      22 days ago

      Don’t worry, the new strategy is to string a company along with talks of a buyout, then when their cash runs out and they declare bankruptcy, to buy all the assets on fire sale.

    • upandup@sh.itjust.works
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      22 days ago

      The market is “free” to fuck you and everyone you know on the ass.

      Didn’t you know that’s what “free market“ means?

    • scarabic@lemmy.world
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      21 days ago

      setting up companies just to be bought by mega corps

      iRobot was originally founded all the way back in 1990 and have sold quite a lot of Roomba vacuums, advancing innovation in home automation along the way. I don’t think anyone can ever say that they set up this company for a quick flip corpo pump and dump.

      • sunzu2@thebrainbin.org
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        21 days ago

        Well damn… How did they run the company into the ground?

        Let me guess cheap Chinese robots sold on amazon?

        Thank you providing additional context.

        • scarabic@lemmy.world
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          21 days ago

          Honestly I think they suffer a little from early-mover disadvantage.

          “Cheap Chinese” and all the associations that come with that is a little reductive in this case. Roborock vacuums are not actually cheap - they are extraordinarily well-made, featureful, and a good value compared to iRobot.

          Decades ago, iRobot probably spent millions in R&D just to arrive at navigation algorithms that were worse than what you can get with open-source libraries today. They also spent the marketing dollars to convince people these robots were safe and effective. They weren’t always, so there were some ups and downs in that.

          Nowadays the supporting technologies are all much more advanced (and cheaper) and the market for these robots has been created already and is very robust. Companies like Roborock just have to come in and build a good product and they’ll see much faster returns than iRobot did for all those years. They can go straight to lidar, which was probably prohibitive for iRobot for many years, leading iRobot to invest heavily in other technologies which are now a generation behind.

          So in addition to their decades of tech legacy. iRobot is burdened with the expectations of longtime investors who want a big cashout, just as they are getting eaten alive by all this new competition. They pinned their hopes on a big exit and are now holding the bag. It’s not surprising that this all left them in trouble.

    • gravitas_deficiency@sh.itjust.works
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      22 days ago

      You just gotta be big enough that you can buy enough people. FAANG is there (though this is Wild West politics nowadays so who the fuck knows what’s gonna happen). But when you own the people writing the laws to control you… they’re not controlling you.

  • Evil_Shrubbery@lemm.ee
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    22 days ago

    (I know I didn’t contribute shit & just complain but) … isn’t it a bit weird how after all this time there arent any good open sauce diy robot kits?

    Like, materials, sensors, brushes, filters, batteries, etc are all cheaply available, a basic board could literally be just cut plywood with the rest is the things mounted on top (who even needs a cover?). And ofc one could mount various weapons mod on it.

      • Evil_Shrubbery@lemm.ee
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        22 days ago

        Oh fuck, I’m gonna I might test this.
        I’ve never heard of it before, but the more I read the more I like it.

        Thx!

        • MangoPenguin@lemmy.blahaj.zone
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          21 days ago

          I have it on a Roborock S5 and it works great, so much more stable than the original firmware that requires an internet connection.

          Certain models can be harder to root though, so read through the description and guide thoroughly first.

      • onoki@reddthat.com
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        21 days ago

        “for a lot of models” is a bit of an exaggeration. Especially as Xiaomi/Dreame try to actively restrict Valetudo use.

        But yes, Valetudo is a great project. I’d just wish there was a manufacturer who would openly endorse it.

        • plenipotentprotogod@lemmy.world
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          21 days ago

          I’ve wondered before how large an order would be required to entice a white label manufacturer of robot vacuums into doing a production run of units with Valetudo preinstalled.

          I would absolutely buy one if someone could work out a fair business arrangement with the developer and throw the project up on kickstarter.

    • Rhaedas@fedia.io
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      21 days ago

      Popular Science had an “open source” robot lawnmower plans in the…80s? I have it somewhere. Old enough that it used deep cycle lead-acid batteries and spinning round dremel blades. No laser to cut the grass, although it did use LEDs for sensors for grass height.

    • cyd@lemmy.world
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      21 days ago

      I mean, I don’t demand an open source washing machine or dryer either.

  • Kane@femboys.biz
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    22 days ago

    Their products require their app, would this effectively turn their devices useless when the servers die?

    I know it supports a single button to start cleaning, but I wonder if that will work properly without being able to call home.

    Might be time for people to look for alternatives.

    • FackCurs@lemmy.world
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      22 days ago

      This. I know someone who used to work there. They wouldn’t enforce the patents in China to the point where you could drop in Roomba subassemblies in competitor robots and they would still work…

  • ShittyBeatlesFCPres@lemmy.world
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    22 days ago

    I’m glad my old, non-smart one still works fine. It slams into things and says, “Roomba needs help” or something when it eats a sock or wire I missed. But at least it will outlast the company’s servers.

  • cyd@lemmy.world
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    21 days ago

    Pretty much inevitable. Nowadays there are so many robot vacuum cleaners from different brands, and everyone has more or less figured out the tech so they all work pretty well. (I have a Roborock, and have nothing to say about it other than it keeps the floors clean and doesn’t cause me any grief.) There’s no moat, so consumer market success is purely a matter of manufacturing and cost efficiency, and iRobot obviously would have a huge upfill fight against Samsung, Xiaomi, and a thousand other light consumer goods makers.

  • ColeSloth@discuss.tchncs.de
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    21 days ago

    I’m a bit of a diy and repair nerd for damned near anything. I have a near 20 year old roomba 530 model that still works great. Back then and for a good many years roombas were hands down the best bang for your buck. I haven’t recommended them for the past decade. They fell behind in ability and build quality. Let alone any of the privacy concerns stuff. Damned shame.

    • zenpocalypse@lemm.ee
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      21 days ago

      Had an old one that kinda works but is a pain. More recently, we splurged on a more modern pet version with Wi-Fi and all the bells.

      It was fantastic. And 3 weeks in, couldn’t stay connected to the network even right beside the router and was doing constant very short runs before returning to the dock saying it was full.

      Returned it.

  • kionay@lemmy.world
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    21 days ago

    Do you not see the logic of my plan?
    Yes, but it just seems too heartless.

  • endofline@lemmy.ca
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    20 days ago

    I’m pretty sure somebody will buy the data iRobot robots collected during their cleaning time :-)

  • Alpha71@lemmy.world
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    20 days ago

    Well obviously, they need to get into the lucrative back alley robot vacuum cleaner fight rings. Strap on that knife iRobot vacuum, and lets go!

  • skozzii@lemmy.ca
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    21 days ago

    Oof, as an American company the rest of the world is boycotting them too.

    Yup, they are toast. I dont think the Americans have realized how much permanent damage Trump has caused.