Jump to content
Sign in to follow this  
yellowshark

Makerbot - oops

Recommended Posts

Posted · Makerbot - oops

Not a good time for Stratasys. One of their shareholders has issued a class action lawsuit against them; their financial projection of $31-24 million loss has turned out to be $129-116 million. The missing $100 million seems to come from an impairment charge arising from the fact that Makerbot is worth somewhat less than the $494 million Stratasys paid for it in 2013.

At the same time it appears that a group of Makerbot customers are organising their own class action against the brand due to their faulty 5th Generation Replicator Smart Extruders (which the company has claimed to since have improved).

 

Share this post


Link to post
Share on other sites
Posted · Makerbot - oops

We all have a choice in this Additive Mfg world: to create/be makers of actual widgets, or shuffle share certificates and lawyer paper within public company arenae.

3Dw

 

Share this post


Link to post
Share on other sites
Posted · Makerbot - oops

It's these moments where I'm proud that Ultimaker managed to build itself without any investors (except for the 3 founders)

 

Share this post


Link to post
Share on other sites
Posted · Makerbot - oops

Even though it is not Ultimaker I do have mixed feelings. What do the users gain by all these expensive lawsuits. It only brings out the negative in this world, I hate that there is enough suffering in this world. I am glad that Ultimaker tries to be open and the people in the company are very passionate.

 

Share this post


Link to post
Share on other sites
Posted · Makerbot - oops

Yes I know what you mean ZoeV89. Unlike Big Macs my personal view is that the USA litigious culture was not a good export. I am not convinced that there are lots of class actions in the UK but I do think that people who make products are seriously more scared these days which does nothing to help progress and reasonable risk taking. But in the right scenario I guess it has its positives

 

Share this post


Link to post
Share on other sites
Posted · Makerbot - oops

Class action suits are sometimes the only way to get a company to change their practices. The bottom line is what matters, especially to large companies like Stratasys that have shareholders and a board of directors. I highly doubt they weren't aware of the large number of problems they would see with their smart extruder right from the get go, and yet they still chose to release it.

While I have no idea if this lawsuit actually has any merit, what other recourse did their consumers have?

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Our picks

    • Ultimaker Cura 4.0 | Stable available!
      Ultimaker Cura 4.0 is mainly focused on the improved user interface and cloud integration.
      As always, we want to collect your user feedback for this release. If there are any improvements you can think of, feel free to mention it here and help us to shape the next release.
      • 96 replies
×
×
  • Create New...

Important Information

Welcome to the Ultimaker Community of 3D printing experts. Visit the following links to read more about our Terms of Use or our Privacy Policy. Thank you!