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Amazon Bought Eero For $97M And Employees Still Got Screwed

by mashable.com posted 1month ago 18 views
When Amazon announced a deal to acquire Eero, the maker of a groundbreaking WiFi system, it sounded like a classic Silicon Valley success story: a promising startup is acquired by the biggest bidder in the land, and everyone rolls around in cash. But that is not this story. This story is about investors losing tens of millions of dollars and dozens of employees left with meaningless stock. According to confidential documents viewed by Mashable, Amazon acquired Eero for $97 millionEero executives brought home multi-million dollar bonuses and eight-figure salary increases. Everyone else, however, didn’t fare quite so well.

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