Nike’s decision to scrap its Fuelband wearable device came as a shock to all tech enthusiasts, including Belus Capital Advisors’ Brian Sozzi. In case you missed it, Nike has apparently fired the majority of the team responsible for Fuelband development, a total of 70 out of the 200 jobs that comprise the larger Digital Sports division. Sozzi shares three surprising things that can be learned from this shocking decision.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
