iRobot stock price collapses as Roomba maker files for Chapter 11 bankruptcy: Here’s what happens next

While shareholders are out of luck, owners may be wondering if their vacuum cleaners will still work after iRobot is sold to China’s Picea Robotics. Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced that it will seek Chapter 11 bankruptcy protection.