Pebble Might Have Money Woes Despite Demolishing Kickstarter

Pebble Might Have Money Woes, Despite Demolishing Kickstarter

Technology is filled with all kinds of rumours, real and fabricated. It gives us a look at what might be and will be. BitStream gathers the whispers all in one place to divine what the future has in store.

The crowdfunded watch, Pebble, which became a darling of Kickstarter success stories, may be facing serious financial problems, despite raising a staggering $US20 million on the site. Sources say that the company is getting a bit too big and can't support the success. It has supposedly took out a $US5 million loan with an additional $US5 mil line of credit.

Right now, Pebble has 150 employees and is still growing, and its newest smartwatch sports a colour screen and 7-day battery life. This new wearable is by far the top-funded project in the site's history. But now the company is turning to VC money to keep up with its own monster growth, according to rumours. [TechCrunch]


Apple expansion: The tech giant is apparently thinking of expanding to San Jose, California. Apple's headquartered a bit to the south in Cupertino, but San Jose is the largest city in Silicon Valley. [Silicon Valley Business Journal]

Oculus raunch: Oculus founder Palmer Luckey was mum when asked if Oculus Rift would block adult content, leading pretty much everyone to believe we'll be able to watch porn in VR. [CNET]

RadioShack sells customer data: A U.S. judge ruled the bankrupt electronics chain can sell nearly 70 million customers' details in a $US26 million assets deal. The purchasing hedge fund will only have access to customers' email addresses, however. [Bloomberg]


What You Might Have Missed on Gizmodo

TPG's New Mobile Plan: 6GB Of Data For $45 Per Month

Why Apple Won't End Up Paying More Tax In Australia

Living In An Apartment Block? You Can Finally Charge Your Electric Car

Deadly Airbag Recall Reaches Australia, Almost 500,000 Cars Affected So Far

What Happens Behind the Scenes When You Buy Things with Your Phone

Here's How Space Megastructures Will Look, According to Neal Stephenson

4 Typefaces That Let You Write Like Einstein and Other Famous Thinkers

For Fuck's Sake, Twitter, Stop Allowing Hate Speech in Promoted Tweets

Image credit: Kickstarter

Trending Stories Right Now