• bitcoinBitcoin(BTC)$84,796.000.60%
  • ethereumEthereum(ETH)$2,717.870.79%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$779.150.63%
  • rippleXRP(XRP)$1.54-1.06%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$124.212.55%
  • tronTRON(TRX)$0.334350-0.82%
  • zcashZcash(ZEC)$1,663.678.13%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.063.68%
  • HyperliquidHyperliquid(HYPE)$93.061.20%
  • dogecoinDogecoin(DOGE)$0.0981840.06%
  • chainlinkChainlink(LINK)$14.381.57%
  • moneroMonero(XMR)$553.36-0.63%
  • whitebitWhiteBIT Coin(WBT)$84.690.65%
  • USDSUSDS(USDS)$1.000.00%
  • cardanoCardano(ADA)$0.2578690.54%
  • RainRain(RAIN)$0.0127227.16%
  • leo-tokenLEO Token(LEO)$9.010.62%
  • stellarStellar(XLM)$0.2188450.15%
  • nearNEAR Protocol(NEAR)$5.4110.91%
  • bitcoin-cashBitcoin Cash(BCH)$343.921.92%
  • uniswapUniswap(UNI)$10.003.49%
  • litecoinLitecoin(LTC)$72.17-2.16%
  • CantonCanton(CC)$0.136402-0.38%
  • suiSui(SUI)$1.289.95%
  • Ethena USDeEthena USDe(USDE)$1.000.01%
  • avalanche-2Avalanche(AVAX)$11.113.57%
  • daiDai(DAI)$1.000.01%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.599.24%
  • USD1USD1(USD1)$1.000.02%
  • hedera-hashgraphHedera(HBAR)$0.0956201.04%
  • BittensorBittensor(TAO)$332.415.88%
  • shiba-inuShiba Inu(SHIB)$0.0000061.23%
  • crypto-com-chainCronos(CRO)$0.0679683.43%
  • Global DollarGlobal Dollar(USDG)$1.00-0.01%
  • BitwayBitway(BTW)$1.0719.42%
  • MemeCoreMemeCore(M)$1.23-0.09%
  • paypal-usdPayPal USD(PYUSD)$1.000.00%
  • EthenaEthena(ENA)$0.271167-2.23%
  • tether-goldTether Gold(XAUT)$4,279.29-0.04%
  • OndoOndo(ONDO)$0.55-0.12%
  • quant-networkQuant(QNT)$178.4668.08%
  • okbOKB(OKB)$121.74-0.07%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • aaveAave(AAVE)$156.470.71%
  • Circle USYCCircle USYC(USYC)$1.140.00%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.15-0.04%
  • mantleMantle(MNT)$0.69-3.54%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Amazon’s iRobot purchase is under investigation by European authorities

July 7, 2023
in AI & Technology
Reading Time: 2 mins read
A A
Amazon’s iRobot purchase is under investigation by European authorities
ShareShareShareShareShare

Amazon’s $1.7 billion acquisition of Roomba manufacturer iRobot is under scrutiny not only in the US, but also in Europe. The European Commission has revealed that it has opened an in-depth investigation into the purchase out of concerns that the merger would restrict competition for robotic vacuum cleaners. In particular, the commission is concerned that Amazon might prevent iRobot’s rivals from selling their robot vacuums on its marketplace. Amazon might favor iRobot’s products in both paid and unpaid search results or charge competing products more to advertise their offerings, the commission said. 

In addition, authorities are worried about the possibility of Amazon preventing iRobot rivals from accessing future Alexa APIs and from getting the “Works with Alexa” certification, since voice control with the assistant is one of the most important selling points for robot vacuums. Finally, the commission has raised concerns about Amazon obtaining access to iRobot users’ data, which it believes could provide the e-commerce giant “an important advantage.” Amazon could, for instance, use that information to better personalize and target advertisements. Bottom line is that the “transaction may raise barriers to entry and expansion for Amazon’s competitors to the detriment of consumers.”

YOU MAY ALSO LIKE

AI Coding Agents for Enterprise: IP Indemnity, Data Residency and 500-Seat Cost Compared

Why We Won’t Know How Visible The iPhone Duo’s Crease Is For A Long Time

The commission will now look into these concerns in cooperation with other competition authorities and has until November 15th to finalize its results. In the US, the Federal Trade Commission launched a probe into the acquisition last year after politicians from both parties asked it to oppose the purchase.

An Amazon spokesperson told Reuters that the company will “continue to work through the process with the European Commission and [is] focused on addressing its questions and any identified concerns at this stage.” They also told the news organization that Amazon could “offer a company like iRobot the resources to accelerate innovation and invest in critical features while lowering prices for consumers.”

Credit: Source link

ShareTweetSendSharePin

Related Posts

AI Coding Agents for Enterprise: IP Indemnity, Data Residency and 500-Seat Cost Compared
AI & Technology

AI Coding Agents for Enterprise: IP Indemnity, Data Residency and 500-Seat Cost Compared

September 27, 2026
Why We Won’t Know How Visible The iPhone Duo’s Crease Is For A Long Time
AI & Technology

Why We Won’t Know How Visible The iPhone Duo’s Crease Is For A Long Time

September 27, 2026
How Powerful Of A Power Bank Do You Need To Safely Charge A Laptop?
AI & Technology

How Powerful Of A Power Bank Do You Need To Safely Charge A Laptop?

September 27, 2026
Your Old GPU Could Be Worth More Than You Think
AI & Technology

Your Old GPU Could Be Worth More Than You Think

September 26, 2026
Next Post
EU Stands Firm on Russian Sanctions, Extends Through January 2016

EU Stands Firm on Russian Sanctions, Extends Through January 2016

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
How did the catastrophic Nepal-Tibet flood happen?

How did the catastrophic Nepal-Tibet flood happen?

September 21, 2026
New NorCal Sam’s Club opens in Lathrop, taking aim at Costco

New NorCal Sam’s Club opens in Lathrop, taking aim at Costco

September 24, 2026
Topaz Energy: Operator-Funded Reserve Renewal Supports The Premium

Topaz Energy: Operator-Funded Reserve Renewal Supports The Premium

September 26, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!