Are Furbies still being made?

The demand for Furby was unprecedented that Tiger Electronics brought out so many versions and variations introducing even Furby Babies. They produced so many that the hype died down and the demand dropped and in the year 2000 Tiger stopped producing Furbies.

Why did they stop making Furbys?

The market had saturated and also the issue of having one and the exclusivity factor behind it which pushed kids to buy one died down.