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TheStreet283d agobearish

35-year-old consumer company files Chapter 11 bankruptcy

The 35-year-old company behind the robotic vacuum Roomba, iRobot (IRBT), has filed for a pre-packaged Chapter 11 bankruptcy, prompting worry among millions of loyal customers that they're time-saving house cleaner will soon become "a brick." Since the first Roomba launched in 2022, iRobot has sold ...

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