Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: 'It's a sad story'
Publishing timestamp: 2024-04-11 11:58:36
Summary
Amazon CEO Andy Jassy criticized regulators for blocking the company's planned acquisition of iRobot, saying they trust Chinese companies with consumer data more than Amazon. The decision to block the deal has impacted iRobot's stock price and the robotic vacuum industry is becoming increasingly competitive. Regulators are also scrutinizing Big Tech deals and partnerships, with Amazon facing an ongoing lawsuit by the FTC. Jassy also addressed the issue of returns fraud and how Amazon is tackling it.
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Keywords: irobot corp, business news, alphabet inc, breaking news: technology, amazon.com inc, microsoft corp, technology, internet,
Source: https://www.cnbc.com/2024/04/11/amazon-ceo-jassy-spurns-regulators-after-failed-irobot-deal.html