The stock appears inexpensive based on sales metrics, yet that seeming “value” rests on a troubled balance sheet and a business that has forfeited both its

While iRobot is selling itself off as scrap, let's remember what actually makes a good robovac.

The company which popularized robot vacuum cleaners around the world has filed for Chapter 11 bankruptcy. iRobot, makers of the Roomba, has been synonymous with the category since its inception, but its star had dulled in recent years.

Robot filed for bankruptcy and will be bought by Chinese manufacturer after Amazon's $1.4 billion acquisition was blocked by the FTC on antitrust grounds last year.

Robot survived three decades of competition, but couldn't survive European regulators killing its Amazon buyout. Now it's being taken over by its own supplier in bankruptcy court.

Roomba maker iRobot plummets following a bankruptcy filing, while cannabis stocks turn lower following sharp gains Friday after reports of possible looser marijuana restrictions.