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0.0090909090909091 0.0272727272727273 0.0181818181818182 0 -0.0363636363636364 -0.0363636363636364 -0.0545454545454546 -0.0451818181818182
Stock impact report

What happens to Roombas now that the company has declared bankruptcy? [Yahoo! Finance]

iRobot Corporation (IRBT) 
Last irobot corporation earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.irobot.com/investor-overview
Company Research Source: Yahoo! Finance
Founded 35 years ago, the Massachusetts company pioneered the development of home vacuum robots and grew to become one of the most recognizable American consumer brands. Over the years, it lost ground to Chinese competitors with less-expensive products. This year, the company was clobbered by President Trump's tariffs. At its peak during the pandemic, IRobot was valued at $3 billion. The bankruptcy filing, which happened on Sunday, has raised fear among Roomba users who are worried about “bricking,” which is when a device stops working or is rendered useless due to a lack of software updates. IRobot has tried assuaging the fears, saying that it will continue operations with no anticipated disruption to its app functionality, customer programs or product support. The majority of IRobot products sold in the U.S. are manufactured in Vietnam, which was hit with a 46% tariff, eroding profits and competitiveness of the company. The tariffs increased IRobot's costs by $23 million in Show less Read more
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