Amazon’s $1.7 billion (A$2.4 billion) acquisition deal for iRobot, the creator of Roomba robot vacuums, will give the e-commerce giant another avenue to collect personal information if nothing is done to protect it, Digital Rights Watch warned. On Friday, both companies announced they had entered into a definitive merger in an all-cash transaction. Digital Rights…
‘A Surveillance Company’: Rights Group Sounds Alarm After Amazon Acquires iRobot
August 9, 2022
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Amazon to Acquire Roomba Robot Vacuum Creator iRobot for $1.7 Billion
Amazon has entered into a definitive merger to acquire iRobot, the creator of Roomba robot vacuums, in an all-cash transaction valued at $1.7 billion, the companies announced Friday. “We know that saving time matters, and chores take precious time that can be better spent doing something that customers love,” said Dave Limp, SVP of Amazon…
Facebook ‘Fact-Checks’ Recession Definition; Amazon Sheds Record Number of Employees | NTD Business
In the biggest quarterly employee drop in Amazon’s history, nearly 100,000 workers have vanished, after GDP declines. Facebook fact-checks an economist for using the textbook definition of “recession.” We talk to Phillip Magness. Will a proposed Securities and Exchange Commission climate change rule on agriculture producers create a Netherlands-style farm crisis? We talk to an economist…
Analysis: Amazon Has a Prime Edge Over Walmart: Richer Customers
NEW YORK—Amazon Inc.’s strong quarterly performance on Thursday offered another sign of a split in shopping patterns between more- and less-affluent Americans dealing with the highest inflation in four decades. On Monday, rival Walmart Inc., which caters to a more cost-conscious customer, slashed its second-quarter profit forecast, blaming a shift in consumer spending towards more…
Amazon Sets Off Alarm Bells With ‘Dangerous’ $3.9 Billion Bid to Buy Healthcare Chain
In a move described by some political figures and privacy advocates as “dangerous,” Amazon said it agreed to a $3.9 billion all-cash deal to buy One Medical, a San Francisco-based private health services provider. If completed, the deal will give Amazon access to One Medical’s 188 primary care practices and its 767,000 members, who pay approximately $200 in concierge…
Amazon to Raise Prime Prices in Europe as Retailer Wrestles With Costs
NEW YORK—Amazon.com Inc will raise fees for its delivery and streaming service Prime in Europe by up to 43 percent a year, the online retailer said on Monday, as it moves to counter higher costs days before it reports quarterly financial results. The price hike, following one that Amazon announced for Prime in the United…
Amazon Strikes $3.5 Billion Deal for One Medical in Long March Into US Healthcare
Amazon.com Inc on Thursday agreed to buy primary care provider One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare and adding brick-and-mortar doctors’ offices for the first time. The all-cash deal would combine two relatively small players as Amazon continues a years-long march into U.S. healthcare, seeking to grow at a faster pace….
Amazon Warehouses Under Investigation Over Complaints About Unsafe Working Conditions, Pace of Work
Amazon warehouses in three states are under investigation over alleged unsafe workplace conditions, officials have confirmed. The investigations also will examine injuries resulting from workplace hazards, worker rate requirements, and the pace of work, as well as whether the retailing giant has appropriately reported on-the-job injuries. Federal prosecutors in New York and the Occupational Safety and…
Netflix to Expand Password-Sharing Clampdown With ‘Add a Home’ Fee
Netflix has announced that users in certain test countries who want to share their account with another household will soon be asked to “add a home” for an extra fee in a bid to clampdown on sharing. The global streaming platform explained that “a home is a physical location—like your house—where you can use your…
Twitter-Musk Trial to Start in October; Amazon Sues Facebook Groups Over Fake Reviews | NTD Business
Twitter’s legal fight to force Elon Musk to buy the company begins. Their lawyers face off in court for the first time. Who won round one? Amazon is suing over 10,000 Facebook groups for coordinating fake reviews for money and goods. Tesla is facing more competition, as General Motors reveals its latest electric car. It’s trying…
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