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iRobot filed for Chapter 11 bankruptcy protection after a dramatic stock rally in early December. The company's stock (IRBT) has lost 92% YTD due to intense overseas competition and US tariffs. IRBT's bankruptcy marks a fall from dominance in the robot vacuum market, which it helped define. The stock has experienced wild swings in recent days, with a 21% spike on Wednesday followed by a double-digit decline today.
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