Feb 22, 2017

Fitbit paid just $23 million to get its hands on Pebble

It turns out that Fitbit paid even less than some had suspected to acquire the assets of smartwatch startup Pebble late last year.

The price tag was just $23 million, according to figures disclosed Wednesday as part of Fitbit's quarterly earnings report. Fitbit also spent $15 million on the assets of Vector Watch, another smartwatch company.

While it absorbed some of Pebble's talent and agreed to offer limited software support for existing devices, Fitbit has not committed to future Pebble devices and canceled products that were already in the works.

Also of note: Fitbit sold 6.5 million devices in the fourth quarter of 2016, down from 8.2 million in the last quarter of 2015. The sales drop led to a $125 million loss (excluding items), compared with an 87 million profit in the year-ago quarter.

Fitbit's headcount had swelled to 1,753 employees by year's end, though the company is in the process of cutting about 100 jobs amid sluggish holiday sales.

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Joe Biden places second in Nevada caucuses, ahead of Pete Buttigieg

Democratic presidential candidate and former Vice President Joe Biden a Nevada Caucus watch party in Las Vegas on Saturday. Photo: Ronda Churchill/AFP via Getty Images

Former Vice President Joe Biden secured second place in the Nevada Democratic caucuses with former Southbend Mayor Pete Buttigieg third, according to NBC News projections Sunday.

By the numbers: With almost 88% of precincts reporting, Biden has 20.9% of the Nevada votes and Buttigieg has 13.6%.

Flashback: Bernie Sanders wins Nevada caucuses

Editor's note: This is a developing news story. Please check back for updates.

Sanders reveals free childcare plan for preschoolers

Democratic presidential candidate Sen. Bernie Sanders speaks during a campaign rally on Saturday in El Paso, Texas. Photo: Cengiz Yar/Getty Images

Democratic presidential candidate Sen. Bernie Sanders announced on CBS' "60 Minutes" Sunday a new plan to guarantee free child care and pre-kindergarten to all American children from infancy to age four.

Details: In the wide-ranging interview, Sanders told Anderson Cooper he planned to pay for universal childcare with a wealth tax. "It's taxes on billionaires," he said.

Exclusive: Trump's "Deep State" hit list

Illustration: Aïda Amer/Axios. Photos: WPA Pool/Getty Pool, Drew Angerer/Getty Staff

The Trump White House and its allies, over the past 18 months, assembled detailed lists of disloyal government officials to oust — and trusted pro-Trump people to replace them — according to more than a dozen sources familiar with the effort who spoke to Axios.

Driving the news: By the time President Trump instructed his 29-year-old former body man and new head of presidential personnel to rid his government of anti-Trump officials, he'd gathered reams of material to support his suspicions.