Roomba maker iRobot files for bankruptcy after 35 years
NegativeArtificial Intelligence
- iRobot, the company known for its Roomba robotic vacuums, has filed for bankruptcy after 35 years of operation, citing significant financial challenges and a drastic decline in revenue. The company's shares plummeted from $133 in 2021 to just $1.40 in November 2025, prompting the restructuring process that will transfer control to its largest creditor, a Chinese supplier.
- This bankruptcy filing is crucial for iRobot as it marks a pivotal moment in its history, potentially altering its operational structure and product offerings. The restructuring plan aims to stabilize the company amid ongoing financial distress, raising concerns about the future of its iconic Roomba brand.
- The situation reflects broader trends in the consumer robotics market, where companies face increasing competition and market pressures. iRobot's decline underscores the challenges of maintaining profitability in a rapidly evolving technological landscape, as well as the implications of foreign control over American tech firms, which may influence consumer trust and market dynamics.
— via World Pulse Now AI Editorial System
