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 ▲