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In Brief

Nike has let go most of the members of its FuelBand wearables unit and will stop developing new versions of the device, according to a report by CNET. The tech news site quoted an unnamed person “familiar with the matter” as saying that the firm has laid off 70 to 80 percent of its 70-person hardware division and will not produce a new version of the FuelBand, but will continue to sell the existing version. Some industry observers believe Nike has decided to align itself with Apple, which is expected to launch an iWatch or other wearable device that might run Nike’s Fuel software. Apple CEO Tim Cook is a member of Nike’s board.

In Brief

On Friday, social network and recruiting site LinkedIn announced via blog post that it had officially surpassed 300 million members, with 100 million members based in the U.S. alone. Acquiring roughly 100 million users since January 2013, the company noted that much of the growth in traffic has come from two areas: internationally and on mobile. LinkedIn stressed that it was on the verge of its “mobile moment,” meaning that sometime in 2014, mobile use will actually surpass desktop traffic. Both feed directly into each other — apparently mobile accounts for more than 50 percent of LinkedIn’s international traffic already. But the company conveniently side-steps any stats related to Monthly Active Users, perhaps a sign that the company is still trying to make its platform a daily destination.

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