• bitcoinBitcoin(BTC)$84,016.00-0.44%
  • ethereumEthereum(ETH)$2,691.890.05%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$777.060.00%
  • rippleXRP(XRP)$1.571.91%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$121.984.41%
  • tronTRON(TRX)$0.338145-0.62%
  • zcashZcash(ZEC)$1,555.040.89%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.030.45%
  • HyperliquidHyperliquid(HYPE)$92.700.63%
  • dogecoinDogecoin(DOGE)$0.0990703.44%
  • moneroMonero(XMR)$558.67-1.77%
  • chainlinkChainlink(LINK)$13.895.01%
  • whitebitWhiteBIT Coin(WBT)$83.89-0.49%
  • USDSUSDS(USDS)$1.00-0.01%
  • cardanoCardano(ADA)$0.2589754.05%
  • RainRain(RAIN)$0.011585-3.83%
  • leo-tokenLEO Token(LEO)$8.83-1.35%
  • stellarStellar(XLM)$0.2201492.03%
  • bitcoin-cashBitcoin Cash(BCH)$343.562.26%
  • nearNEAR Protocol(NEAR)$4.968.47%
  • uniswapUniswap(UNI)$9.624.86%
  • litecoinLitecoin(LTC)$72.380.56%
  • CantonCanton(CC)$0.13007215.06%
  • suiSui(SUI)$1.2119.42%
  • Ethena USDeEthena USDe(USDE)$1.000.01%
  • avalanche-2Avalanche(AVAX)$10.654.50%
  • daiDai(DAI)$1.000.01%
  • USD1USD1(USD1)$1.000.05%
  • hedera-hashgraphHedera(HBAR)$0.0953882.17%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.453.18%
  • BittensorBittensor(TAO)$317.567.28%
  • BitwayBitway(BTW)$1.3238.59%
  • shiba-inuShiba Inu(SHIB)$0.0000062.99%
  • crypto-com-chainCronos(CRO)$0.0663045.79%
  • Global DollarGlobal Dollar(USDG)$1.000.00%
  • MemeCoreMemeCore(M)$1.21-0.31%
  • paypal-usdPayPal USD(PYUSD)$1.000.01%
  • EthenaEthena(ENA)$0.26668319.68%
  • OndoOndo(ONDO)$0.555.90%
  • tether-goldTether Gold(XAUT)$4,285.150.43%
  • okbOKB(OKB)$120.841.06%
  • Ripple USDRipple USD(RLUSD)$1.000.00%
  • Circle USYCCircle USYC(USYC)$1.140.03%
  • aaveAave(AAVE)$153.624.51%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.150.00%
  • mantleMantle(MNT)$0.67-1.02%
  • polkadotPolkadot(DOT)$1.225.34%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Roomba maker files for bankruptcy — sparking worries that pricey vacuums will stop working

December 15, 2025
in Business
Reading Time: 2 mins read
A A
Roomba maker files for bankruptcy — sparking worries that pricey vacuums will stop working
ShareShareShareShareShare

Roomba maker iRobot has filed for bankruptcy — and customers are worried that their pricey vacuums could stop working.

YOU MAY ALSO LIKE

McDonald’s promises to bring back colorful PlayPlaces in bid to win over frustrated parents

Kalshi dealt major blow as appeals court rules states can regulate prediction markets

The 35-year-old, publicly held company will be taken over by its Chinese supplier, Shenzhen Picea Robotics, and become a privately held business, according to the Delaware bankruptcy filing on Sunday.

The Massachusetts-based company, whose robot vacuums cost up to $1,300, has been struggling since a deal for Amazon to acquire it for $1.7 billion fell apart in 2024. 

Roomba cleaners first came out 35 years ago. Krakenimages.com – stock.adobe.com

Founded by researchers at the Massachusetts Institute of Technology, iRobot said it will continue to support the app that controls the robots and that it does not anticipate any disruptions.

The merger will “strengthen our financial position and will help deliver continuity for our consumers, customers, and partners,” said Gary Cohen, chief executive of iRobot.

Nevertheless, fears abounded on social media following the news.

“So what is going to happen to the functionality of mine? It’s one of the smart ones that talk with a server to do its pathing,” according to one Reddit post on Sunday. 

Another user speculated, “I bet all of those vacuums are heading to the landfill once the online services shutdown.”

Some premium models cost more than $1,000. Christian Bunge – stock.adobe.com

Some 50 million Roombas have been sold worldwide, according to the company’s website. 

The disc-shaped devices map out a room to avoid crashing into furniture and walls.

Some premium models can schedule cleanings, take voice commands, wash floors with cleaning fluid and empty the dirt they’ve collected. 

Some 50 million Roombas have been sold, according to iRobot. Olena – stock.adobe.com

IRobot warned earlier this year that a bankruptcy filing was imminent.

Amazon agreed to purchase the company in 2022 but the deal died two years later over regulatory concerns in the US and Europe.

Afterward, iRobot laid off 350 employees or 30% of its workforce.

Amazon paid the company a $94 million breakup fee.

Credit: Source link

ShareTweetSendSharePin

Related Posts

McDonald’s promises to bring back colorful PlayPlaces in bid to win over frustrated parents
Business

McDonald’s promises to bring back colorful PlayPlaces in bid to win over frustrated parents

September 25, 2026
Kalshi dealt major blow as appeals court rules states can regulate prediction markets
Business

Kalshi dealt major blow as appeals court rules states can regulate prediction markets

September 25, 2026
Cult-favorite California Italian deli closing after nearly 50 years
Business

Cult-favorite California Italian deli closing after nearly 50 years

September 25, 2026
Family First credit union CEO out after ‘Lake America’ AI photo
Business

Family First credit union CEO out after ‘Lake America’ AI photo

September 25, 2026
Next Post
JPMorgan launches new crypto fund for wealthy investors

JPMorgan launches new crypto fund for wealthy investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Hiker speaks out after violent attack 

Hiker speaks out after violent attack 

September 25, 2026
FDA approves breakthrough pancreatic cancer treatment

FDA approves breakthrough pancreatic cancer treatment

September 23, 2026
Putin takes new Volga SUV for test drive at factory

Putin takes new Volga SUV for test drive at factory

September 21, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!