In a recent interview with CNBC's "Squawk Box," Amazon CEO Andy Jassy voiced his frustration over increasing regulatory hurdles, particularly citing the failed acquisition of robotic vacuum maker iRobot earlier this year due to antitrust concerns. Jassy lamented the outcome, stating it was a missed opportunity for iRobot to gain a competitive edge against rivals.
Amazon had proposed acquiring iRobot for $1.7 billion, but the deal fell through after European and US regulators raised competition concerns. The collapse of the acquisition led to significant repercussions for iRobot, including a 31% reduction in staff and a staggering 75% plunge in its shares this year.
