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Sonos IPO filing reveals Amazon’s incredible leverage over speaker maker and declining profitability
https://www.cnbc.com/2018/07/10/sonos-ipo-reveals-amazons-incredible-leverage-over-speaker-maker.html
Sonos, the maker of wireless and voice-recognition speakers, may seem to a casual observer to be in the prime position to ride the surging smart speaker trend.
But the Sonos’ initial public offering document revealed a critical flaw in its business model, which subjects it to Amazon’s whims on what the internet giant decides to do with its Alexa voice-recognition technology.