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iRobot Founder Says FTC Treated Blocked Deals 'Like Trophies' as Bankruptcy Follows Failed Amazon Acquisition

Slashdot.org - 12 hours 42 min ago
Colin Angle, the founder of iRobot who built the company from his living room over 35 years and sold more than 50 million Roomba vacuums, watched his creation file for Chapter 11 bankruptcy earlier this month after what he describes as an "avoidable" regulatory ordeal that killed Amazon's $1.7 billion acquisition bid. In an interview with TechCrunch, Angle recounted the 18-month investigation by the FTC and European regulators that preceded Amazon's January 2024 decision to abandon the deal. The process consumed over 100,000 documents and a significant portion of iRobot's discretionary earnings. Angle said the deal should have taken "three, four weeks of investigation" given iRobot's declining market position -- 12% and falling in Europe, where the leading competitor was only three years old. During his deposition, Angle said he walked the halls of the FTC and noticed examiners had "printouts of deals blocked, like trophies" on their office doors. He entered the process "looking for a friend" and instead encountered the question: "Why should we ever let them do this?" Further reading: WSJ Editorial Board Says Lina Khan Killed iRobot.

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Spotify Says 'Anti-Copyright Extremists' Scraped Its Library

Slashdot.org - 13 hours 22 min ago
A group of activists has scraped Spotify's entire library, accessing 256 million rows of track metadata and 86 million audio files totaling roughly 300TB of data. The metadata has been released via Anna's Archive, a search engine for "shadow libraries" that previously focused on books. Spotify described the activists as "anti-copyright extremists who've previously pirated content from YouTube and other platforms" and confirmed it is actively investigating the incident. The activists claim this represents "the world's first 'preservation archive' for music which is fully open" and covers "around 99.6% of listens." They appear to have used Spotify's public web API to scrape the metadata and circumvented DRM to access audio files. Spotify insists that this is not a security breach affecting user data. Though the more pressing concern for the music industry may be AI training rather than pirate streaming services -- similar YouTube datasets have reportedly been used by unlicensed generative AI music services.

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Is Xbox Betting on Cross-Platform Gaming?

Slashdot.org - 14 hours 48 min ago
A "slew of layoffs, price hikes and studio closures" for Microsoft's Xbox "have led many to declare — not for the first time — that the Xbox is dead," reports CNBC. Or is it just changing its business model? The company's overall gaming revenue decreased 2% year-over-year, with a 29% dip in Xbox hardware sales, according to Microsoft's first-quarter earnings for fiscal 2026. The broader console industry has been in a major slump, with hardware spending down 27% year-over-year in November, which is typically a busy shopping month, according to a recent report from research firm Circana. It was the worst November in two decades, IGN reported, citing Circana data. Combined Switch and Switch 2 unit sales were down more than 10% during the month and PS5 sales were down more than 40%, IGN said. But the Xbox Series hardware took the biggest beating, with a dramatic 70% drop in sales...Microsoft's Xbox Series S and Series X, at 1.7 million units, couldn't outsell the original Nintendo Switch, which launched in 2017 and has sold 3.4 million units so far this year, data from game sales tracking site VGChartz estimated... Microsoft CEO Satya Nadella said in a recent interview with the TBPN podcast that the company's gaming business model will look to be "everywhere in every platform," from consoles to TV to mobile. His comments also hinted that the next Xbox may function more like a PC. "It's kind of funny people think about the console and PC as two different things," Nadella said. "We built a console because we wanted to build a better PC, which could then perform for gaming. So I kind of want to revisit some of that conventional wisdom...." A source familiar with Xbox strategy told CNBC that the company is looking at creating an open system that enables players to jump between console, PC and cloud gaming — and any form of entertainment beyond gaming. [Wedbush analyst Michael Pachter told CNBC] that while Microsoft is not completely abandoning hardware, the company is splitting its audience into existing buyers interested in specialized consoles and everyone else. Xbox Game Pass subscription service, which gives subscribers access to games from a variety of publishers, is a clear example of this strategy... The growth in cloud gaming has been blistering. Xbox reported a record 34 million Game Pass subscribers in 2024 and a total Game Pass revenue of almost $5 billion over the last fiscal year. Xbox said in a November blog post that the number of cloud gaming hours from Game Pass subscribers was up 45% compared to the same time last year. The Microsoft subsidiary also said console players are "spending 45% more time cloud streaming on console and 24% more on other devices..." Despite gaming's scaling limitations, Microsoft seems committed to doing what it has done with the rest of its products — moving it to the cloud... [Xbox President Sarah] Bond recently said in an interview with Mashable that the idea of exclusive games is "antiquated" as the company has leaned into cross-platform gaming... Xbox is betting that cloud and cross-platform gaming are the future. For a decade, claims have been made about the death of the Xbox, and what comes next could fully spell the end, or bring a metamorphosis.

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Apple Developer's Account Restored After Compromised Gift Card Incident

Slashdot.org - 16 hours 48 min ago
"It's all fixed," says that Apple developer who was locked out of his Apple Account after redeeming a compromised Apple Gift Card. "A lovely man from Singapore, working for Apple Executive Relations, who has been calling me every so often for a couple of days, has let me know it's all fixed. It looks like the gift card I tried to redeem, which did not work for me, and did not credit my account, was already redeemed in some way (sounds like classic gift card tampering), and my account was caught by that. "Obviously it's unacceptable that this can happen, and I'm still trying to get more information out of him, but at least things are now mostly working. "Strangely, he did tell me to only ever buy gift cards from Apple themselves; I asked if that means Apple's supply chain of Blackhawk Network, InComm, and other gift card vendors is insecure, and he was unwilling to comment." Updates to his original blog post now include a frequently-asked questions list: Yes, I have the receipt for the card, including the activation receipt. Yes, the card was legitimately purchased, it's not from eBay. Yes, I have contacted the retailer. Yes, I do have backups... No, I don't know why parts of the account still kinda work, and parts don't. No, I didn't write this article with AI... Yes, Apple really did use emojis in their Live Chat...

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The Power of Sharing

MyMoneyBlog.com - 20 hours 30 min ago

December 2025 marks the 21st anniversary of this site. Every year about this time, I think to myself: “How crazy! It worked!” I’ve been able to choose my work (or not to work) on my own terms for a while now. However, I keep going because I feel that the sharing and writing itself provides both myself and others an ongoing benefit. Writing for others makes me research more thoroughly and improve my understanding of the topic. While it may be trendy to mock “content creators”, I continue to love learning new stuff from online communities and individuals.

Another of the substacks I follow is Sketchplanations by Jono Hey, which explains complex ideas using simple sketches. Topics may include everything from vocabulary words to scientific theories. Apple and Ideas illustrates the following quote often attributed to George Bernard Shaw:

If you have an apple and I have an apple and we exchange apples, then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.

In another sketch, Three Bricklayers Story does a great job explaining the “Three Bricklayers parable” about the power of having different perspectives in your work.

In that way, I think that each of us, sharing our own ideas with others, even has a greater purpose. Everyone can help each other move forward a little bit. I truly believe that everyone has something valuable to share about what lights their fire. Perhaps you post occasionally to an online forum, or just pass things along to close friends and children. Even sharing a mistake, what not do, is valuable. Making a mistake also means you at least took action, took a risk. I’m a shy person, but I’m always amazed that I always learn something even after short, casual conversations. Sometime just a quick side comment can turn me onto a hugely important concept.

Finance still intrigues me, but it’s also fun to be a beginner again; I consider myself a curious novice in running, triathlons, and woodworking.

Categories: Finance

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