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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)
 
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
 
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