iRobot stock price collapses as Roomba maker files for Chapter 11 bankruptcy: Here's what happens next
Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection. As of this writing, IRBT shares are down more than 78%—and the news is only expected to get worse for common shareholders. Consumers, on the other hand, may be wondering if their Roombas will stop working. Here's what you need to know. What's happened? On Sunday, iRobot Corporation said it has filed for bankruptcy. The ...