Roomba vacuum cleaner maker iRobot, a former $1.4 billion buyout target of Amazon, raised concerns on Wednesday about its ability to stay in business.
Shares of the company fell more than 35%, exten… [+1924 chars]
Roomba maker iRobot warns it may go out of business, sending shares plunging - New York Post
The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.
By:Reuters
Source:New York Post
Published:
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