tl;dr
iRobot (NASDAQ:IRBT) rose 1.8% amid a report that US lawmakers are investigating the FTC's involvement in the collapse of the planned $1.4 billion sale to Amazon (NASDAQ:AMZN). Republican Representative James Comer expressed concerns about the FTC's anticompetitive actions and their potential impact...
iRobot (NASDAQ:IRBT) rose 1.8% amid a report that US lawmakers are investigating the FTC's involvement in the collapse of the planned $1.4 billion sale to Amazon (NASDAQ:AMZN). Republican Representative James Comer expressed concerns about the FTC's anticompetitive actions and their potential impact on America's global position in the personal robotics market, as well as ceding market share to foreign entities such as China. Amazon CEO Andy Jassy lamented the withdrawal from the iRobot deal, attributing it to regulatory challenges. Jassy criticized the trust placed in large Chinese companies for mapping homes, contrasting it with Amazon's track record in stewarding customer data. Amazon walked away from the deal in January, citing the lack of a path for European approval, and the FTC reportedly planned to sue to block the combination. iRobot shares have plummeted by 68% since the deal fell through.
More about iRobot Corporation
iRobot Corporation designs, manufactures, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company is headquartered in Bedford, Massachusetts.
Sector: Manufacturing, Household Appliances
Market Cap: 246.16B
Dividend Yield: None
EPS: -11.01
P/E Ratio: 56.52
Current Ratio: 0.0194
Volume: 1564987000
Revenue: 12.98
Gross Margin: -0.37
Net Income Margin: -0.141
More about Amazon.com Inc
Company: Amazon.com Inc
Industry: Trade & Services, Retail-Catalog & Mail-Order Houses
Market Cap: 1,820,525,068,000
Current Price: $3,002.97
Dividend Yield: 0.0%
P/E Ratio: 60.34
EPS: 2.9
52-week High: $3,552.25
52-week Low: $1,626.03
Price/Sales: 3.7
Shares Outstanding: 574,784,995
Volatility: 212.71
Beta: 50.69
ATR: 0.139
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