This is funny. I'm kinda surprised there is no mention that people probably have a recourse through their consumer credit agreement with their credit card companies.
though I wonder why Apple doesn't pick up cheap companies. Maybe Apple doesn't need any of their talent.
“Buy a great company at a fair price, rather than a fair company at a great price.” - Warren Buffett / Berkshire Hathaway.
Except Pebble was a good company at a cheap price.
Apparently Pebble management didn't think it was a good company since they sold it without even covering their debts. That sounds like the actions of a company trying to avoid bankruptcy.
They should have accepted the offer from Citizen last year. Rumors say the offer was for $740 million.
Good companies often turn down good offers in order to spend another year burning through their cash in a market dominated by the most innovative company of our era. Is that what you're saying?
I'm just sad I won't get my Time 2. I was really looking forward to that.
I like Pebble products and am an unabashed fan and was looking forward to what I felt would be their latest and greatest. If the hardware is being left behind, I guess I'll have to look elsewhere for the hardware.
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