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In place of a moment, it looked like the story would have a happy consummation. As struggling smartwatch manufacturer Pebble discussed selling itself to Fitbit, a larger competitor in the wearable technology market, the witter among the Pebble collaborate was that they would continue working on their product under the department of a new, further stable corporate parent.
Fitbit's co-founder James Park level pegging visited Pebble's offices as well as, following a brief prologue from Pebble CEO Eric Migicovsky, talked reassuringly approximately how excited he was to welcome Pebble addicted to the Fitbit family. Top-drawer assets and employees were cherry picked, the quiet discarded. Most employees out of order of Pebble's staff of about were laid wrong, their stock suddenly useless.
It was a heartbreaking ending for a guest once seen as a brilliant example of Silicon Valley chutzpah, a fragmentary startup that had strained tech giants like Apple, Samsung, and Google on the way to play catch-up. But it also capped a turbulent year of poor sales, supplier problems, failed acquirement talks, and a across the board lack of consumer consideration in smartwatches, according headed for several sources that Problem Insider spoke to.
It was dragged out perpetually. At a time at what time Silicon Valley is racing towards the next generous thing, from artificial brain to self-driving cars, the demise of Pebble is a stark reminder with the aim of even the most optimistic and buzzed about innovations don't always survive the harsh realities of the marketplace.
According to the sources Business Insider beam to, the signs of trouble for Pebble began to appear early proceeding, though they were oftentimes ignored among the brouhaha of a nascent smartwatch business that many believed would be as great big as smartphones. Pebble proved there was interest all the rage the wrist-worn gadgets, generously before Apple introduced the Apple Watch and former big tech companies followed suit.
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ReadWriteBuilders is a series of interviews with developers, designers and other architects of the programmable future.