The small, handheld Flip camera may have been an innovative gadget, but it’s soon to be a defunct one, too. The tech giant Cisco announced Tuesday that it will shutter Flip, one step in a major overhaul following a collapse in the company’s stock, which has lost more than half its value in the last decade. But tech watchers are scratching their heads at Cisco’s decision to close, rather than sell, Flip, which it bought for $590 million just two years ago.
