Robot became synonymous with home robots when it introduced the Roomba vacuum over 20 years ago, eventually selling 50 million models and becoming an acquisition target for Amazon. But the company gave investors a stark warning Wednesday,

IRobot Corp., the consumer robotics company that Amazon.com Inc. once planned to buy for more than $1 billion, slid on Wednesday after raising a “substantial doubt” about its ability to continue operating.

The post After Amazon Breakup, iRobot's Future Hangs in the Balance as Roomba Maker Fights for Survival appeared first on Android Headlines.

The loss-making company was once valued at $3.56 billion in 2021, driven by pandemic-fueled demand. It is now worth less than $200 million.