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

boing
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I assume that this is why the deal was structured so that Fitbit isn’t buying ‘Pebble’ but just specific assets. Whatever is worth taking gets stripped out; as many liabilities as possible are allowed to go down with the ship while Fitbit walks away.

I wonder how the losses will end up being distributed. TFA says that employee stock is now worthless, and obviously customers aren’t winning; but “he money will instead go to debt holders, vendors, some of its main equity investors, and Kickstarter refunds for the Time 2 and Pebble Core orders” is a trifle vague.

1 Like
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You do not buy your way into the cloud you pay to sell yourself to the cloud, they own you and make no mistake.

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