Amazon is Buying Control of the Smart Home Market, Congress Must Step In
Washington, D.C. — Today, the American Economic Liberties Project released following statement in response to news that Amazon has signed an agreement to acquire smart vacuum manufacturer iRobot for an all-cash transaction valued at approximately $1.7 billion.
“It’s obvious that Amazon is seeking to acquire its way to dominance in the Smart Home market and add yet another intrusive way to surveil their customers,” said Sarah Miller, Executive Director of the American Economic Liberties Project. “Whether it’s Amazon rolling up Roomba and OneMedical, Facebook acquiring Within, or Google buying Mandiant, Congress needs to step in, shut down Big Tech’s acquisition spree, and fully resource the FTC in the interim.”
To learn more, read Economic Liberties’ “Understanding Amazon” report .
See also Economic Liberties’ statements on , , and .
Learn more about Economic Liberties .
The American Economic Liberties Project works to ensure America’s system of commerce is structured to advance, rather than undermine, economic liberty, fair commerce, and a secure, inclusive democracy. Economic Liberties believes true economic liberty means entrepreneurs and businesses large and small succeed on the merits of their ideas and hard work; commerce empowers consumers, workers, farmers, and engineers instead of subjecting them to discrimination and abuse from financiers and monopolists; foreign trade arrangements support domestic security and democracy; and wealth is broadly distributed to support equitable political power.