Roomba maker iRobot warns it may go out of business, sending shares plunging
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iRobot, the maker of Roomba, has warned it may go out of business, causing its shares to plummet. The company, once valued at $3.56 billion in 2021 due to pandemic demand, is now worth less than $200 million.
March 12, 2025 | 8:30 pm
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iRobot has issued a warning about the potential of going out of business, leading to a significant drop in its share price. The company's valuation has drastically decreased from $3.56 billion in 2021 to under $200 million.
The warning from iRobot about potentially going out of business is a critical issue for investors, as it directly impacts the company's viability and future earnings potential. The drastic drop in valuation from $3.56 billion to under $200 million highlights the severity of the situation, leading to a negative short-term impact on the stock price.
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