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

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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.