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What We Shockingly Learned About Tech By Nike Eviscerating the Fuelband

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.