Roomba robot vacuums face a shakeup
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The stock appears inexpensive based on sales metrics, yet that seeming “value” rests on a troubled balance sheet and a business that has forfeited both its
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iRobot co-founder says FTC's opposition to Amazon deal was 'wrong-minded' following bankruptcy filing
iRobot filed for bankruptcy and will be bought by Chinese manufacturer after Amazon's $1.4 billion acquisition was blocked by the FTC on antitrust grounds last year.
From disaster zones, to oil spills, to the Great Pyramids of Giza, iRobot has taken its robot everywhere in its 35 years.
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What happened to iRobot can happen to anyone
The company which popularized robot vacuum cleaners around the world has filed for Chapter 11 bankruptcy. iRobot, makers of the Roomba, has been synonymous with the category since its inception, but its star had dulled in recent years.