Mattel Cancels Baby-Monitoring Smart Hub Amid Privacy Concerns [Fortune]
Mattel, Inc. (MAT)
Last mattel, inc. earnings: 2/13 04:05 pm
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Source: Fortune
Mattel is shelving plans for a high-tech baby-monitoring device amid privacy concerns. The toy maker, known for Barbie dolls and Hot Wheels cars, said Wednesday that it was killing its upcoming Aristotle smart hub that works similar to web-connected speakers like the Amazon Echo and Google Home. The company told The Washington Post that new executives like chief technology officer Sven Gerjets, who joined the company in July, reviewed the gadget and determined that it did not “fully align with Mattel’s new technology strategy.” Mattel mat first showed off the device in January during the annual Consumer Electronics trade show in Las Vegas and pitched it as a way for parents “to protect, develop, and nurture the most important asset in their home—their children.” The Aristotle smart hub contained a Wi-Fi-connected camera, microphone, speaker, and lighting system that could do things like automatically dim the li
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News
- Mattel to Bring Three Channels to Samsung TV PlusBusiness Wire
- Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [Yahoo! Finance]Yahoo! Finance
- Investors Reward Hasbro, Mattel For Cost Cuts, Inventory Reductions [Forbes]Forbes
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Citigroup Inc. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- Mattel, Inc. (NASDAQ: MAT) had its price target raised by analysts at Bank of America Co. from $25.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
MAT
Earnings
- 4/23/24 - Beat
MAT
Sec Filings
- 4/23/24 - Form 8-K
- 4/18/24 - Form DEFR14A
- 4/17/24 - Form ARS
- MAT's page on the SEC website