Like many of you, I’ve given up complaining about the new app.
Even simple tasks like muting the system for a phone call are so troublesome that I simply turn the system off during the day. I listen to less music and talk shows. Our investment in Sonos speakers has been seriously degraded.
Instead of apologizing and reverting to the original highly functional app, Sonos insults us with happy talk about how proud they are of the app.
So what’s really going on inside the company and what’s the future of our investments?
In the months before the app was rolled out insiders were selling their shares. It’s been reported that insiders sold shares 16 times so far this year. None have purchased shares. Its appears that they saw what was coming.
Sonos share price has declined steadily since the rollout, and the financial/tech press is catching on to this failure.
Sonos BoD needs to wake up.