- Netflix debuts upcoming releases section on the Netflix TV app 3 Years Ago
- Marianne Williams announces plan for a Department of Peace Today 8:53 AM
- PewDiePie marries Marzia—and shares photos of YouTube’s royal wedding Today 8:35 AM
- How to stream Club América vs. Tigres UANL in the Leagues Cup semis Today 8:17 AM
- Deadpool unmasked: Here’s everything you need to know about Marvel’s anti-hero Today 7:53 AM
- Fantasy football 2019: Your team-by-team AFC preview Today 7:45 AM
- Invader Zim is still delightfully weird in ‘Enter the Florpus’ Today 7:00 AM
- ‘Spider-Man: Far From Home’ is getting a totally unnecessary re-release Today 6:43 AM
- People are demanding the man who filmed the killing of Eric Garner be freed with #FreeRamsey Monday 7:36 PM
- Billie Eilish’s ‘Bad Guy’ unseats ‘Old Town Road’ from the No. 1 spot Monday 6:11 PM
- People think Ghislaine Maxwell was Photoshopped in those In-N-Out photos Monday 5:41 PM
- People are transfixed by a TikTok cat dancing along to ‘Mr. Sandman’ Monday 4:52 PM
- Nazi troll pretending to be antifa in Portland gets outed by internet Monday 4:15 PM
- ‘Dear White People’ season 3 reflects the exhaustion of the times—for better or for worse Monday 3:59 PM
- ‘Seinfeld’ and ‘Friends’ fans feud over which sitcom is better Monday 3:57 PM
Pebble made a name for itself back in 2012. Its low-power, e-ink smartwatch not only was one of the first successful Kickstarter projects, it was also on the bleeding edge of what would become one of tech’s biggest new industries: wearables.
And while it succeeded with its original watch, the company has struggled to find footing in a world now littered with wearables and smartwatches of every kind—as have others in the space, such as Fitbit. Now, reports suggest the two could join forces. Fitbit is reportedly in talks to acquire Pebble for $34-40 million, according to anonymous sources for The Information and Engadget.
The purchase price is paltry, basically enough to cover Pebble’s debts to suppliers, but little more. The transaction would thus be more of an acquihire, as Fitbit would reportedly bring Pebble’s staff onboard and then phase out the company’s product line in favor of its own.
It’s a bummer for Pebble, which has received much higher acquisition offers in the past, but for most of us, the acquisition could be good news. It’s a sign that the oversaturated wearables market is finally starting to thin out and mature. Companies that are making comparable products, such as Fitbit and Pebble, will merge to deliver wearables that (hopefully) better suit our needs, and we could see fewer, but more defined leaders in the space.
That being said, the wide, weird world of wearables still isn’t going to go the smartphone route—where you see only a handful of companies successfully shipping products—anytime soon.
Christina Bonnington is a tech reporter who specializes in consumer gadgets, apps, and the trends shaping the technology industry. Her work has also appeared in Gizmodo, Wired, Refinery29, Slate, Bicycling, and Outside Magazine. She is based in the San Francisco Bay Area and has a background in electrical engineering.