Pebble acquired by FitBit for 40MM

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

Thread Status:
Not open for further replies.
  1. samcraig macrumors P6

    Joined:
    Jun 22, 2009
    #1
  2. Lloydbm41 macrumors 68040

    Lloydbm41

    Joined:
    Oct 17, 2013
    Location:
    Central California
    #2
    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

    Joined:
    Jul 12, 2016
    #3
    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.
     
Thread Status:
Not open for further replies.

Share This Page