Wall Street ruined the Roomba and then blamed Lina Khan
thebignewsletter.com
Wall Street ruined the Roomba and then blamed Lina Khan
1–10 of 213 posts
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#2Outstanding article. Our current goals and incentives are not sustainable.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#3Outstanding article. Our current goals and incentives are not sustainable.
I don’t see evidence that iRobot vacuums would have been competitive with Chinese ones, simply because the moat does not exist (there is no secret sauce that makes it difficult to make a competing product).
As for the rest of the article, it’s not Wall Street’s fault the government doesn’t pay iRobot enough for research (nor should it).
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#4This is a fantastic video essay on iRobot's strategy/leadership mistakes. The company was distracted and stubbornly out of tune with what consumers wanted:
https://www.youtube.com/watch?v=44XYQepBF7g
The patent expiry sealed the deal.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#5To be honest the Roomba sucked and got eaten alive by better chinese competitors.
I bought a top of the line expensive Roomba years ago and ended up switching to neato a year later, because I would just come home and it would be stuck on something.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#6To be honest the Roomba sucked and got eaten alive by better chinese competitors. I bought a top of the line expensive Roomba years ago and ended up switching to neato a year later, because I would just come home and it would be stuck on something.
Sure, but the author is arguing that the outcome you're describing is tightly coupled to the perverse incentives that he describes in the article. Investors pushed the company towards extraction over innovation and the end product suffered as a result.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#7Outstanding article. Our current goals and incentives are not sustainable.
I don’t see evidence that iRobot vacuums would have been competitive with Chinese ones, simply because the moat does not exist (there is no secret sauce that makes it difficult to make a competing product). As for the rest of the article, it’s not Wall Street’s fault the government doesn’t pay iRobot enough for research (nor should it).
As the article states they were more than vacuums- they also did defense work and research. They gutted that for higher short term gains. Offshoring to China also likely helped China learn to build their own.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#8Hard for me to understand how the consumer was protected by preventing Amazon from acquiring them. Only for Chinese firm to get for cheap in bankruptcy. But maybe I’m not educated enough in socialism to understand the nuances
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#9This is a fantastic video essay on iRobot's strategy/leadership mistakes. The company was distracted and stubbornly out of tune with what consumers wanted: https://www.youtube.com/watch?v=44XYQepBF7g The patent expiry sealed the deal.
Why not let Amazon take a stab at turning things around, then? It's better that they fail? I don't get it.
Re: Wall Street ruined the Roomba and then blamed Lina Khan
#10Roomba screwed up for sure, but they found a way out with Amazon until US consumer "protection" shut it down.