Fitbit slumps as new smartwatch fails to excite

Fitbit slumps as new smartwatch fails to excite

6 years ago
Anonymous $gcegwZ91io

https://www.reuters.com/article/us-fitbit-results-stocks/fitbit-slumps-as-new-smartwatch-fails-to-excite-idUSKCN1GB1XL

Fitbit Inc's shares fell 14 percent in early trading on Tuesday after the company said its newly launched smartwatch was not selling as expected, raising concerns about the company's ability to become profitable again in the near term.

Fitbit slumps as new smartwatch fails to excite

Feb 27, 2018, 3:20pm UTC
https://www.reuters.com/article/us-fitbit-results-stocks/fitbit-slumps-as-new-smartwatch-fails-to-excite-idUSKCN1GB1XL >Fitbit Inc's shares fell 14 percent in early trading on Tuesday after the company said its newly launched smartwatch was not selling as expected, raising concerns about the company's ability to become profitable again in the near term.