iRobot filed for bankruptcy
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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
While investors are busy pouring billions of dollars into humanoid robots, an MIT roboticist who has been making robots for three decades claims they are wasting their money. Rodney Brooks, the cofounder of Roomba vacuum creator iRobot,
While iRobot is selling itself off as scrap, let's remember what actually makes a good robovac.
Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.
Roomba maker iRobot plummets following a bankruptcy filing, while cannabis stocks turn lower following sharp gains Friday after reports of possible looser marijuana restrictions.