|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||59.57 - 59.96|
|52 Week Range||35.41 - 98.86|
|Beta (5Y Monthly)||1.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||53.75|
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The idea that your robot vacuum cleaner could suck up data about your home and send it back to Amazon might strike some people as creepy. Whether this would also be a threat to competition in the nascent home automation market, however, is an altogether different question. Separating those two issues has become of critical importance as regulators in the US break new ground in antitrust enforcement, with data very much at the centre.
What began as a $10,000 prototype found its way into the middle of a $1.7 billion corporate acquisition last week when Amazon struck a deal for iRobot —which is better known as the company that makes the Roomba. Amazon also wanted the Roomba because it’s a robot that uses cameras, sensors, artificial intelligence and machine learning to hoover incredible amounts of data. Amazon says it has been “very good stewards of peoples’ data across all of our businesses” and that it isn’t acquiring iRobot to gather intelligence from inside customers’ homes.
iRobot's (IRBT) second-quarter 2022 revenues decline 30.1% on account of weakness across its businesses in the United States, Japan and the EMEA regions.