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What’s the logic of them selling to Amazon? Why didn’t they just continue on and try to raise more money? I assume this was purely a move of desperation and the
by baron816 6y ago
What’s the logic of them selling to Amazon? Why didn’t they just continue on and try to raise more money? I assume this was purely a move of desperation and they couldn’t. Is this just a full blown acquihire?
Also, what happens to employees? Presumably, their stock is worthless. Will Amazon just give them all new stock packages to keep them on?
- jariel 6y agoThey sold for what they raised so it's a loser for investors. Likely they didn't have a business model and so were a fire sale. Amazon will almost assuredly eye this for autonomous delivery. They have the cash, the legit need, the ambition ability to make it work. So it can be commercialised 'internally'. Unlike Google who have to build a business around their self-driving cars. This is one of those 'tech may eat the world' things that should legit scare FedEx because I doubt FedEx will be able to compete on terms like this.
- deleted 6y ago[deleted]