Sonos Faces Leadership Shakeup and Potential Acquisition Speculation

The audio company struggles to recover from a damaging app update, with Amazon and others seen as potential buyers.

Sonos' CEO Patrick Spence stepped down following backlash over a flawed app update that disrupted key features and hurt customer trust.
Interim CEO Tom Conrad has pledged to rebuild the company's reputation and focus on innovation while addressing internal frustrations.
Sonos' valuation has plummeted to $1.7 billion from $5 billion during the pandemic, prompting speculation about a potential sale.
While Apple was initially rumored as a buyer, reports suggest it is unlikely, with Amazon, Samsung, and Spotify seen as more plausible candidates.
Analysts predict Sonos' revenue may drop by 15% during the holiday quarter, potentially creating opportunities for acquisition at a lower valuation.