Let's have a slow clap for the corporate tools who still have to show up at work and try to spin their bankruptcy fire-sale as Line Goes Up: Roomba maker iRobot has filed for bankruptcy and will be taken over by its Chinese supplier after the company that popularized the robot vacuum cleaner fell under the weight of competition from cheaper rivals. "Today's announcement marks a pivotal ...

Let’s have a slow clap for the corporate tools who still have to show up at work and try to spin their bankruptcy fire-sale as Line Goes Up:

Roomba maker iRobot has filed for bankruptcy and will be taken over by its Chinese supplier after the company that popularized the robot vacuum cleaner fell under the weight of competition from cheaper rivals.

“Today’s announcement marks a pivotal milestone in securing iRobot’s long-term future,” said Gary Cohen, iRobot’s chief executive. “The transaction will strengthen our financial position and will help deliver continuity for our consumers, customers and partners.”

I guess their pivot to being an arms dealer didn’t work out, huh.

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