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iRobot Co-Founder Criticizes FTC Over Amazon Merger Opposition After Bankruptcy

Following iRobot's bankruptcy, its co-founder labeled the U.S. Federal Trade Commission’s stance against the Amazon acquisition as misguided.

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Terms & Concepts
  • Federal Trade Commission (FTC): A U.S. regulatory body responsible for enforcing antitrust and consumer protection laws.
  • Bankruptcy: A legal process where a company or individual declares inability to repay debts.
  • Merger: The combination of two companies into a single entity, often to expand market reach or efficiencies.