Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.

Shenzhen-based Picea Robotics, its lender and primary supplier, will acquire all of iRobot’s shares.

  • Rooster326@programming.devEnglish
    7·
    3 months 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.

    • witty_username@feddit.nlEnglish
      1·
      3 months 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