iRobot Files for Chapter 11 Amid Rising Competition and Tariff Pressures
Key Points iRobot is seeking bankruptcy protection, with plans to be purchased by its primary manufacturer. The company has been seeing steep losses, higher costs, and lower revenue due to the Trump administration's tariff policies. Amazon had previously sought to acquire the company, but was unable to obtain regulatory approval. 10 stocks we like better than iRobot › Tech company iRobot (NASDAQ: IRBT), the maker of household vacuums and cleaning robots that include Roomba and Braava, filed for ...