Pebble acquired by FitBit for 40MM

Discussion in 'Alternatives to iOS and iOS Devices' started by samcraig, Dec 1, 2016.

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  1. samcraig macrumors P6

    Jun 22, 2009
  2. Lloydbm41 macrumors 68040


    Oct 17, 2013
    Central California
    Waste of money on Fitbits part. Pebble was tanking and the 700 million was an over valuation. The company has trouble getting VC, and relies on Kickstarter is a serious warning sign. Then when they laid off 25% of their workforce in March, plus they no longer give out sales figures or revenue... The ship was sinking fast. The $40 million was probably a couple golden parachutes for the top few guys at Pebble.
  3. Relentless Power macrumors P6

    Relentless Power

    Jul 12, 2016
    Pebble was in danger and Eric Migicovsky (CEO) was out of options. This was a long time coming and they failed to innovate, which rendered them static and flat.
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