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SoFi Shares Surge and Amazon Cancels iRobot Deal | Bloomberg Technology
Bloomberg's Caroline Hyde and Ed Ludlow take a look at SoFi shares surging after the company posts its first-ever profit. Plus, shares of iRobot slump as its CEO steps down and its deal with Amazon is scrapped. (Source: Bloomberg)
CAROLINE: INTERESTINGLY, NOT IN CRYPTO ANYMORE, BUT ON A DAY LIKE TODAY, WHEN WE SEE THE AMAZON-IROBOT MERGER PUT ON ICE, AS SOMEONE WHO HELPED TO LEAD THE INVESTMENT BANKING AT GOLDMAN SACHS, WHEN YOU THINK ABOUT YOUR OWN ACQUISITION STRATEGY, CAN DEALS GET DONE RIGHT NOW IN THE WORLD OF TECH? IT'S GOING ALL IN ON THIS BED, GIVING Q TS A LOT OF MONEY TO EXPAND AND BECOME THE BIGGEST DATA CENTER PROVIDER IN THE U.S. CAROLINE: A 10 BILLION DOLLAR TAKEOVER IN 2021, COMING HOME TO ROOST. THIS PAST MONTH, IT SEEMS LIKE THE PUBLIC IS SEEING SOME HIGH-PROFILE EXAMPLES OF WHAT HAPPENS WHEN AI HITS SOCIAL MEDIA WITH BAD ACTORS TRYING TO PUT OUT EITHER FAKE OR DAMAGING INFORMATION.
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