Mattel cancels Aristotle baby monitor Toy maker Mattel Inc. has canceled plans to release Aristotle, an all-in-one voice-controlled smart baby monitor come smart home hub. Privacy concerns relating to the device were first raised by the Campaign for a Commercial-Free Childhood, which noted that the Aristotle collects and stores data about a child’s activity and interactions with it and that it also connects to other apps and online retailers.(SiliconANGLE)
A tale of 2 toy companies... The 5 year return on Mattel is -56%. The 5 year return on Hasbro is 145%. http://finance.google.com/finance?c...q=NASDAQ:MAT&ntsp=0&ei=43beWdLwM9Ta2Ab70ZLwCA
The collapse of Toys'R'Us triggered a 13% drop in sales and a $603 million net loss at Mattel in the third quarter, a horror story that wiped 27% off the toymaker's shares. The company said it will scrap its quarterly dividend and accelerate its transformation plan. Fortune