Amazon CEO Andy Jassy, in his CNBC interview, criticized U.S. and EU regulators, specifically the FTC and DOJ, for blocking Amazon's acquisition of robotic vacuum maker iRobot. Jassy argued that this decision not only put iRobot on the brink of bankruptcy but also favored Chinese competitors. He suggested that regulators are more trusting of Chinese companies with sensitive mapping data on U.S. homes than Amazon. This stance, according to Jassy, undermines innovation and harms American interests by potentially handing over U.S. consumer data to Chinese firms. The failed deal has sparked discussions on government overreach and its impact on American jobs and national security.
This is a MUST watch. Gov’t over-reach not only slows innovation but in this case killed American jobs & handed over US consumer data to Chinese competitors. FTC acting “outside the bounds of the law” - and the results are not in our natl interests. iRobot insanity. @ajassy https://t.co/IlRnGudzEG
Amazon CEO Andy Jassy on Thursday took aim at regulators who are increasingly blocking mergers, including the company’s planned acquisition of robotic vacuum maker iRobot, which fell apart earlier this year amid antitrust concerns. https://t.co/5ZVcWoYmTj https://t.co/cgLoPxE7xK
This whole interview of Jassy by @andrewrsorkin is worth watching If I was Bezos, I'd sleep well on my yacht knowing Jassy is there He made a terrific argument on why they should have been allowed to buy iRobot (and why the FTC and DOJ are shooting Americans in the feet) https://t.co/uYlPNzI3ig
Andy Jassy criticizes US and EU regulators for blocking the iRobot deal, saying they trust large Chinese companies more than Amazon with maps of home interiors (@annierpalmer / CNBC) https://t.co/FqjxfnXPPP 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/BW62J8jwmP
Amazon CEO Andy Jassy spurns regulators after failed iRobot deal: 'It's a sad story' https://t.co/ZlDLrr337V
Amazon CEO Andy Jassy discussed government regulation on @SquawkCNBC. https://t.co/CncwQHuM4J https://t.co/AQu4WmBvw5
In his CNBC interview, @ajassy alleges that Western regulators basically put @iRobot on the brink of bankruptcy by blocking @amazon acquisition, and then makes leap to argue they are trusting two Chinese iRobot rivals with mapping data on US customer homes moreso than Amazon:…