IMO, probably never. I think this would open too many shenanigans of running a possible acquisition into the ground or attempt to lobby whatever government agency would regulate this.
At some point, to make rules easy to enforce, you have to absorb some collateral damage.
How is market competition or the public served by companies whose only strategy is to fail and be bought by the ever shrinking number of ultra rich mega corporations?
T-Mobile was cleared to buy Sprint because Sprint was not able to be a going concern. The end result is the same, with 3 national cell carriers.
One outcome is Spirit goes into bankruptcy reorganization and still operates, which is hardly unprecedented for an American airline. Nearly every major airline has filed for Chapter 11 since 2002, the lone exception being Southwest.
It’s always interesting that Chapter 11 is a way out of pension promises. That someone can take employment at a certain wage, and then the company can renege on the back half of the compensation once the person retires.
Philip Greenspun has a good writeup about why that is: https://philip.greenspun.com/flying/unions-and-airlines
this seems like the important part of that doctrine, and a perfect justification for why an amazon acquisition shouldn't be allowed.
letting a company fail really just means letting it sink far enough that some other acquirer will pick it up.
If yes, it sounds rough!
> On 19th October 2023, Convoy ceased operations and laid off remaining staff. Remaining staff were given no severance and were told their stock options were worthless.[9] In a memo sent that day to employees, Lewis points to "a massive freight recession and a contraction in the capital markets" as major factors resulting in the company's failure.[10]
"We have no idea who owns this IP in order to ask for permission, because the company went bankrupt" comes up fairly often in discussions about copyright duration and video games.
A lot of the time - especially with failing companies where the sale might happen at rock bottom prices, but otherwise too - the acquirer and seller may have very different ideas about which part of the transaction matters.
E.g. one company I co-founded sold off a business unit after we pivoted, and where to me at least the technology was the most worthwhile part - far better than the platform the buyer had. But to them the 6% of the userbase they were able to convert to paying users of their own service was what justified the sale price. And as much as I think the tech we sold them with the userbase was better, I get that to them - even if they agreed with my assessment, and maybe they didn't - it wasn't sufficiently better to them to justify replacing what they had and knew how to develop and knew how to operate (we sold the system, not the company, so none of our staff went with them).
Acquired IP gets used when it is the focus of the purchase, and the acquirer knows exactly what they want or need that IP for, but even then more so if it's e.g. patents rather than software. A lot of software acquirers thought they needed still end up languishing and eventually dying.
But I've seen so much IP "fade into oblivion" over the years. I'd say, I don't even know who currently owns the rights to the majority of the software I've personally developed in my career. Some would be easy to track down. Others near impossible.
I like the simplicity.
- Bigger, better dust bin
- Slightly less dust makes it into the HEPA filter
- Slightly better / cheaper roller design
... and similar details.
A friend gave me their smarter vacuum (which they didn't use), and I hated it:
1) It tried to overthink things and was pretty demanding.
2) It didn't clean as well. My Roomba has a pretty anaemic vacuum, but cleans very well by virtue of going over every place many times in random directions as it bumps along for 30+ minutes. The smart vacuum plotted a course which covered everything once, finished up in record time, and nothing was actually clean.
What's odd is that even now, 2+ decades after launch, so little has improved. What I really want is "cyclone operation," as in any modern dumb vacuum, so most of the dust doesn't make it to the HEPA filter. The design is stupid simple:
- Air comes into a circular container from a hole in the side, so the air spins.
- Suction comes out a hole in the top at a half-way point in the radius of the dust container, while most of the dust wants to stay at the inside or outside
- If you're even more clever, you put the suction at half height, because dust naturally goes to the bottom.
The annoying thing is cleaning or replacing filters.
The "gets stuck under furniture" is a bug. However, I don't have much furniture at Roomba height. If I did, it'd make the device useless.
Bought two sharks for $300 each. Not quite as good, but so much cheaper. And doesn’t require bags.
( Also lol at the "batteries" that catch fire, as if that's actually a thing that people should worry about. Might as well be scared of your canister vacuum's motor burning out and destroying your house, or never buy a laptop!!)
Meanwhile, e.g. loading and unloading the dishwasher annoys me enough that I must admit I have considered replacing my dishwasher with two slimline or drawer ones so I can use stuff out of one while filling the other...
There's nothing worth buying more than free time.
I think you're mad about something but I can't quite pinpoint what, because it's not frustrating, the charging station isn't that ugly and is out of the way (because the robot knows how to get back to it), and lithium batteries have not been a real fire hazard since the note 8. I agree that using them in the first place is kind of Not Nice for the planet, but since you brought up the points of frustrating and tripping over stuff: do you somehow think using a wired vacuum is a pleasant experience?
The early ones were noteworthy for being novel, but (IMO as an early adopter) weren’t very good at cleaning. About ten years later I experienced someone else’s (then) modern Roomba, and it was still essentially the same crappy product, randomly banging into walls and struggling with carpet edges.
When the Roborock appeared with LIDAR, it was like the future in comparison, and frankly what Roomba should have already delivered years before.
When an established company with a big market share and opportunity for a technology lead is so out-innovated, it suggests that something is fundamentally rotten.
LIDAR is indeed a game changer, but Roborock was far from the first manufacturer to use it in botvacs.
The first Roborock with LIDAR was released in 2019 and I remember getting a Neato botvac with LIDAR in the early 2010s.
I have no idea if any other models run without smartphone/tablet setup but if so, that would potentially eliminate any privacy issues ;)
Maybe it's time to create a public spreadsheet with a list of models that run without a smartphone, and potentially any downsides to doing so...
Edited to add this quote from the website:
Matic's intelligence is localized on the device, and it never sends any of your data to the cloud for processing. That means no user information is ever sold, shared, or even collected in the first place.
Anoth quote from the website:
> The HEPA bag is designed to hold about a week’s worth of debris with daily vacuuming and mopping. Replacement frequency will vary based on your usage.
The "membership" (ie. prepaid refills) is advertised at $180. The best-case scenario is you're trading the always-online smart appliance debacle for the overpriced ink cartridge debacle. Pick your poison.
I have a Roborock. I genuinely don't care if the Red Army knows how dirty my apartment is.
LIDAR is clearly superior. There’s a reason every reasonable competitor is using it, even on very cheap models.
I’d be happy to go back to them but I’m not touching them again until they have LIDAR.
Look at what Kroger is doing with Albertson's for an example. If that merger fails, it's very likely Albertson's will go bankrupt because the shareholders looted the company of all their assets to ensure it can only survive if it's acquired
https://www.washingtonpost.com/business/2022/11/03/albertson...
If we wanted a society where the purpose of a business is to produce useful things, then we should not have the rules set up like they are.
You can't create an entire system of rules and regulations that set it up so the incentives are all aligned for companies to exist to make money, and then be surprised when those incentives work.
If the company is on the verge of closing, clearly there is something wrong with the business model. So for it to actually save jobs they have to first have the 1.7 billion that Amazon was going to pay and then have enough capital and a business reason that makes the acquisition make sense.
There are not many companies like that out there, particularly for a company like iRobot. There was synergy between iRobot and Amazon.
I am not advocating for a monopoly, but clearly another company wasn't stepping up to take amazon's place.
While you're not wrong, just because the model doesn't work doesn't mean there isn't still value there.
If you are presented with the choice to shutdown a company or have it live on in another company saving some jobs. I would think the second is the better option.
It is possible that the only reason the business model doesn't make sense is not having a diverse enough of a catalog so research in a specific thing can be justified by multiple products.
Neato! Oh wait, they shut down.
Google! Maybe, but would the EU see that any differently anyway?
Yeah, there's not really a long list here. Maybe one of the non-US home automation companies might make sense, but they'd likely just put it on a glidepath to shutdown.
I mean there is Microsoft who would have the money but it just doesn't really fit into anything they are doing.
Dyson? Sony? But yeah a non US company also opens up other questions that may block it.
For example, see Bigelow Aerospace's inflatable space station tech and then Sierra Space's tech. I don't have any inside knowledge, but I'd imagine the path Sierra is on is likely one similar to the above strategy.
What happens if they get taken over by Amazon? Investors get a big exit, and employees hold on to their jobs for a bit longer (before the inevitable layoff). Amazon then uses its massive retail power to push an inferior product and edge out the smaller companies doing better work and competing on merit, leaving the space worse for everyone.
Only if your definition of capitalism includes a robust antitrust component (which mine does, but I know I differ from the mean here).
1. Prove you can do something amazing 2. Raise a bunch of capital to scale it, betting on future revenue 3. Deliver! Great product, stellar growth, soaring revenue, re-invest in product 4. Flood of copycat competitors, drives up acquisition costs, eliminates higher price point, revenue tanks 5. Pivot. Try to sell another story, build the start of another product leap, loose traction in a new way, pivot. 6. Seek an acquisition before the music ends 7. FTC
In other words, product development (esp. app + hardware) is expensive, difficult, and constantly changing.
We don’t have a capitalist system competing on product merit but acquisition arbitrage. In almost all cases the inferior product wins.
For a household product that runs autonomously throughout my house and interacts with many surfaces, and with small kids in the house, I want a reputable supplier, not just whiz bang features and a slick app.
Maybe Roborock is that, but there is so much opacity when dealing with Chinese companies even in cases where the govt is not involved.
DJI, huawei and insta360 are three off the top of my head that are perfectly capable of going up against global brands.
Additionally, almost every high quality brand has manufacturing in China; Apple, Microsoft, Nikon, Canon, Dyson, the list goes on.
This is more a problem of “you get what you pay for”. No name hoverboards were a real problem because designing a compact, high power draw, lithium powered device is hard to do. Segway, ninebot, etc all make great ‘hoverboard’ like products.
this should read "A few Chinese brands make great products"
Most Chinese brands make low quality products; corner cutting is rampant.
> Additionally, almost every high quality brand has manufacturing in China; Apple, Microsoft, Nikon, Canon, Dyson, etc.
That is because the foreign brands set the specs and define the standard of quality, which the factory (i.e., Foxconn) follows to the letter. So Chinese _manufacturers_ can make great products (when required and paid) but Chinese _brands_ generally do not.
This is one reason why Chinese brand products are cheaper than their foreign brand counterparts even when the foreign product was also manufactured in China.
DJI and Anger are two Chinese brands that have worked hard to develop a good reputation internationally, and deliver top products. I wouldn't trust Huawei though.
That’s what I was trying to get across. As I said earlier you get what you pay for. I can buy great products made in China by Chinese companies and terrible products made in Switzerland by Swiss companies.
The only "issues" I've had to deal with are: a) it'll eat cords so the cleaning area has to be picked up before vacuuming (or bad areas zoned off) b) it can (rarely) get stuck so the cleaning area has to be picked up (ie. a step stool I left out) c) it can (rarely) get lost if there are major changes to stuff in the cleaning area (ie. if a bunch of cardboard boxes are left out) d) very rarely (less than once a year) I have to "restore" the map (I think if c happens it might start hallucinating new map area)
I don't know what the replacement part or customer service experiences are like though. We've had our Roborock for 3+ years now, which isn't a huge amount of time but I wouldn't consider it poorly made. Maintaining it to clear out pet hair and such is simple.
You would surprised. The answer is yes and yes. Roomba like robots are dominated by Chinese companies and they are the most advanced manufacturers technology wise as well.
I love my Roomba, it’s been truly a life-changing invention for me and my go-to mental construct for how robots can improve our lives and how good design can be very simple yet effective. But I probably bought it used on eBay and I continue to buy batteries every 5-10 years for it on eBay when it needs a new one.
Amazon bought Eero, yet I haven’t seen other WiFi router companies go out of business.
Amazon bought Ring, then a competitor was so successful that Amazon bought Blink.
This notion that Amazon’s acquisition would put competitors out of business seems to be a weird dream. Especially when it is known an easier path to “unfairly compete” would be to just create an Amazon-labeled robotic vacuum and put that on the market.
> I finally ditched my iRobot for a Roborock a couple months ago and it's been amazing.
I'm not saying those two sentences are totally incompatible, but Roborock's home page at https://us.roborock.com/ is basically half divided between "Robot Vacuums" and "Cordless Vacuum Cleaners"
These acquisitions tend to come with huge layoffs anyway.
But what actually happens now is that iRobot lays off its core staff in a desperate attempt to avoid insolvency. The regulators could wish all they want that iRoomba stay a competitive player in this space, but businesses don't run on wishes and rainbows.
The cloud companies will count as TBTF too for the same reason. Although it's harder to see how Amazon might get into a "we'll have to switch the datacenters off tomorrow unless we get bailed out" financial position", since it's easier for them to trade as a going concern, if there was a risk of that happening they would definitely get a bailout.
Also, remember that the bailouts were in almost all cases loans.
Never? The entire point of private companies is that they take risk on themselves. If we have to bail them out we might as well just nationalize them. See: the entire american airline industry.
It seems Roomba was just selling on it's brand name.
At what point should an acquisition be allowed on the sake of something being able to continue to exist and possibly save jobs? Sure there would have almost guaranteed be job cuts with the acquisition due to redundancy, but would it have been the same amount?
However on the flip side, it feels like iRobot has been stagnating for years and entering some weird categories. I still fail to see why they entered the air purifier market and them selling a stick vacuum next to their iRobot is sure one way to say "our expensive robot doesn't do everything we claim it does".
I finally ditched my iRobot for a Roborock a couple months ago and it's been amazing. It is shocking how much better it is, when it was in the middle of a clean and I could tell it to go start a different clean and it just did it? It didn't complain or anything, I shouldn't be surprised by this but after the experience with iRobot feeling like it stands in my way every time this felt like magic.
It genuinely makes me sad to see iRobot not be what they used to be, it feels like they got complacent with Roomba.