Dana Olsen July 07, 2017
As is evident from the data, this year is on pace for a drop both in deal count and capital invested in the wearables sector. Jawbone isn't the only company that's felt the strain: Smartwatch maker Pebble was acquired at the end of 2016 for a reported $23 million, a serious dip from the $740 million takeover offer it was said to have spurned a year earlier. Fitbit (NYSE: FIT), a leader in the wearables market that acquired Pebble, isn't doing so great itself. The company's stock reached a high of nearly $48 per share in mid-2015 but has since plummeted to $5 per share.