Fitbit's Founders Are Looking Beyond Just Devices

Fitbit (NYSE: FIT) has had a tough go of it lately. The fitness tracker wearables manufacturer posted negative revenue growth in Q1-2018 of 17%, widening losses, and declared its transition year has been extended into a multi-year transformational effort. It would not be a surprise if even die-hard investors were getting impatient with the stock down over 80% since its IPO in June 2015.Continue reading

Topics:  fitbit nyse   fit has   q1-2018   ipo   june 2015.continue   

 

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