Bankrupt Tech Titans: Roomba, E-Bikes & Lidar

Three tech giants, including iRobot and Rad Power Bikes, face bankruptcy due to tariffs, collapsed deals, and struggles to innovate beyond their breakout products. Rad Power Bikes, known for quality e-bikes, suffered from battery issues and delayed recalls. iRobot, famous for Roomba vacuums, was hindered by rapid robot tech advancements and a blocked Amazon buyout. Tariffs on Chinese goods and reliance on overseas manufacturing left them vulnerable. These failures highlight the swift evolution of tech and the high stakes of a single misstep.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.