Amazon CEO on abandoning iRobot deal due to regulatory hurdles: It's a sad story

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Amazon CEO Andy Jassy joins CNBC’s ‘Squawk Box’ to discuss the state of the consumer, Amazon’s investment in AI, and much more.
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Amazon didn't file remedies to the European Commission for the proposed acquisition of iRobot by the deadline. Also, Amazon terminated the deal; the regulators didn't reject it.

skylounge
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Yea, 3P sellers sell the majority of units and we do pay you nearly .50 of every dollar earned. Their fees are putting small businesses out of business.

paulw
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I don’t trust Amazon, but I trust the regulators less

bthink
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US Govt killed iRobot, let Chinese companies succeed.. that's the sad story.

HelloWorld-hbyt
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A lot of 3rd party sellers are selling counterfeit goods, and Amazon does nothing about it. NGK spark plugs, Shimano 11s bike chains are big, but the list is long. Don’t risk buying either unless shipped and sold by Amazon, and even then do your checking thoroughly to be sure they’re genuine.

GNX
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i can't get passed the interviewer's different dealation in his eyes.

JamesColeman
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Everything is being mapped so you can’t get lost, it’s got pros and con.

And then one day someone will say get lost, and someone else will say we can’t

dreadfuldonkey
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Amazon could have easily taken care of the competitive concerns but showed no willingness to do so

jackstone
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But they’re still the largest donors to the dnc 😂

ericp
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I have no smart IOT home devices and never will. It's just an invitation for companies to monitor everything you do.

aliasoma
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The ftc and eu regulators are clownish

furtsmagee
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Replace the term regulators with the word democrat and that tells you all you need to know

alvinvaughn
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How about we should be careful about what you say instead of regulators trying to stop you from becoming a complete monopoly

mistareee
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That’s what you get for being a monopoly. Nobody will trust you.

butterflycrimescene
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Elizabeth warren vow to block every deal

AK-bmqt
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Amazon should use their algorithm to boost American products instead of Chinese products.

gj
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I glad to have an adviser who is excellent in what he's doing , you changed my entire life and I will continue to preach and song your praises on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Andras Bohm!!!!..

GeorgePeterDawat
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I remember when I just got into crypto back in 2020 but later in 2022 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 100k in a short period of time .This comment serves as motivation for all those who have invested and continue to invest in cryptocurrencies with so many losses, do not give up, cryptocurrencies can change your life. Do your best to connect with the right people and you will surely see changes.

Heerdennienaber