The kickstarted Pebble smartwatch is now a division of Fitbit, so they may "reduce functionality" on all the watches they ever sold

If there is no interest, then how did they sell the whole IP at once? This is the sort of thing that puzzles me about where “capital” supposedly lies. The value of the thing is how it works and how I would use it - not which company offered it. Why would the Pebble tech have more value to the average person from Fitbit than from Pebble?