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The Morning After

The Morning After: Amazon buys the company behind Roomba robot vacuums

Amazon made a $1.7 billion offer for iRobot, the company that makes Roomba robot vacuums, mops and other household robots. The deal will keep Colin Angle as iRobot’s CEO but is still contingent on the approval of regulators and iRobot shareholders. iRobot has an intriguing origin story. Founded in 1990 by MIT researchers, the company …

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Crypto and the US Government Are Headed for a Decisive Showdown

Crypto and the US Government Are Headed for a Decisive Showdown

Perhaps seeing that the law is going to come for crypto sooner or later, the industry has been rallying behind an effort to pass a new regulatory framework just for crypto—one that spares the full wrath of the Howey test. Companies, including Coinbase, have petitioned the SEC to issue new, digital-currency-specific rules. In the Senate, …

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Amazon Buying Roomba Is 'Most Dangerous, Threatening Acquisition in the Company's History'

Amazon Buying Roomba Is ‘Most Dangerous, Threatening Acquisition in the Company’s History’

Amazon on Friday announced it acquired iRobot, the company that makes Roomba vacuums, for $1.7 billion. The deal prompted immediate concerns from data privacy experts and anti-trust researchers.  “[People] don’t buy a Roomba to have a little robot … spying on the layout of your home,” said anti-trust researcher Ron Knox. Loading Something is loading. …

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Masayoshi Son ‘ashamed’ of focus on profits after SoftBank logs record $23bn loss

Masayoshi Son ‘ashamed’ of focus on profits after SoftBank logs record $23bn loss

Huge losses at SoftBank’s flagship Vision Funds will force the company to begin “dramatic” cost-cutting after plunging technology valuations and a weak yen drove Masayoshi Son’s embattled conglomerate into a record ¥3.1tn ($23bn) quarterly net loss. In a press conference that Son himself described as “depressing”, he admitted that his famously aggressive global investment strategy …

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