go brokeif a company or business goes broke, it can no longer operate because it has no money
[TahlilGaran] Dictionary of Contemporary English ▲
go broke v. phr.,
slang To lose all one's money; especially by taking a chance; owe more than you can pay.
The inventor went broke because nobody would buy his machine.
Dan had a quarter but he went broke matching pennies with Fred. [TahlilGaran] English Idioms Dictionary ▲