iRobot Is in Real Trouble After Amazon Deal Falls Through
Amazon's (NASDAQ: AMZN) bid to buy iRobot (NASDAQ: IRBT) is over. But this hardly ends the robot maker's saga as the company deals with losses and growing debt on its balance sheet. Travis Hoium covers the challenge ahead in this video.
*Stock prices used were end-of-day prices of Jan. 29, 2024. The video was published on Jan. 30, 2024.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and iRobot. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
