Fitbit

Fitbit inspires people to exercise more, eat better and live healthier lifestyles.  The company is developing an ultra-compact wireless wearable sensor, called the Fitbit Tracker, that automatically tracks data about a person's activities, such as calories burned, sleep quality, steps and distance. The Fitbit Tracker collects activity data automatically while it is worn by the user all day. The collected data is wirelessly uploaded to a website where the wearer can see their data and track their progress toward personal goals. The website provides a motivational interface where users can share their progress, compare themselves against similar people and work toward virtual goals with their friends, family and co-workers. At the website, users can also manually log nutrition, weight and other health information in order to gain a complete picture of their health. Fitbit makes it easy to achieve a healthy lifestyle by automating the collection of health data and providing a motivating and entertaining user interface.

Fitbit inspires people to exercise more, eat better, and live healthier lifestyles.  The company is developing an ultra-compact wireless wearable sensor, called the Fitbit Tracker, that automatically tracks data about a person's activities, such as calories burned, sleep quality, steps, and distance. The Fitbit Tracker collects activity data automatically while it is worn by the user all day. The collected data is wirelessly uploaded to a website where the wearer can see their data and track their progress toward personal goals. The website provides a motivational interface where users can share their progress, compare themselves against similar people and work toward virtual goals with their friends, family, and co-workers. On the website, users can also manually log nutrition, weight, and other health information in order to gain a complete picture of their health. Fitbit makes it easy to achieve a healthy lifestyle by automating the collection of health data and providing a motivating and entertaining user interface.

Alphabet

Alphabet unit Google this month offered not to use Fitbit's health data to help it target ads in an attempt to address EU antitrust concerns. The opening of a full-scale investigation suggests that this is not sufficient.

Google's $2.1 billion Fitbit deal faces EU antitrust probe, per sources

Google's promise not to use Fitbit health data for targeting ads may not have done enough to allay the European Commission's concerns.

Google's Fitbit acquisition will reportedly face full EU antitrust investigation

Fitbit (FIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Fitbit (FIT) Q2 Earnings Expected to Decline

The tech giant’s plans face fresh privacy concerns in the EU.

Google’s Bid for Fitbit Faces Another Challenge in Europe

Senators Amy Klobuchar and Elizabeth Warren and five other Democratic senators on Thursday urged the Justice Department to be cautious in reviewing Google's planned purchase of Fitbit, saying the tech giant had already cemented its dominance in some areas through acquisitions.

Seven Democratic senators urge caution on Google's purchase of Fitbit

SAN FRANCISCO--(BUSINESS WIRE)--Fitbit (NYSE: FIT), the leading global wearables brand, today announced that it expects to release results for its second quarter 2020 on Wednesday, August 5, after market close. Due to the pending merger with Google, Fitbit does not plan to host an earnings conference call.

Fitbit Schedules Second Quarter 2020 Financial Results for August 5, 2020

The company strikes a conciliatory tone to help win approval for its blockbuster fitness tech acquisition.

Alphabet's Google Pledges Not to Misuse Fitbit Health and Fitness Data

EU antitrust enforcers are asking interested parties whether Google's pledge not to use fitness tracker maker Fitbit's health data for its advertising, and to separate the dataset from its own, might ease concerns over their tie up.

EU regulators seek feedback on Google's Fitbit data pledge

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG)-owned Google has pledged not to use health data garnered from devices made by Fitbit Inc (NYSE: FIT) for the purposes of serving targeted advertisements in order to secure approval of its acquisition of the fitness tracker company from the European Union.

Google Tells EU It Will Not Use Fitbit Data For Targeted Ads

It's trying to win the EU's approval to purchase the wearable company, according to Reuters.

Google reportedly pledges not to use Fitbit health data amid EU antitrust concerns

Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.

Google offers data pledge in bid to win EU okay for Fitbit buy

Alphabet unit Google has offered not to use fitness tracker company Fitbit's health data to help it target ads in a bid to address EU antitrust concerns about the $2.1 billion deal, the U.S. tech company said late on Monday.

Exclusive: Google offers data pledge to allay EU concerns about Fitbit buy

Google's buyout of Fitbit for $7.35 per share has been pending since November 2019.

Fitbit: Antitrust Review Update

Google announced its plans to acquire Fitbit for $2.1 billion back in November. As of this writing, the deal has yet to go through, courtesy of all the usual regulatory scrutiny that occurs any time one large company buys another.

Google’s Fitbit deal could avoid EU antitrust probe by agreeing not to use health data for ads

European regulators are reportedly looking for concessions before approving the $2.1 billion acquisition.

Google Might Need to Make Sacrifices to Close Fitbit Deal

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google LLC may be able to ward off an antitrust investigation by the European Union into its acquisition of Fitbit Inc (NYSE: FIT) by promising not to use the smartwatch maker’s health data to run targeted advertisements, Reuters reported Thursday.

Google Could Escape EU Antitrust Probe With A Promise Not To Use Fitbit Data For Ads

There are concerns about how the tech giant will leverage user health data.

Report: Alphabet Must Offer Concessions for Fitbit Acquisition to Win EU Approval

EU antitrust enforcers are set to open a full-scale investigation into Google's $2.1 billion bid for fitness tracker maker Fitbit unless the Alphabet unit offers concessions to address competition concerns, people familiar with the matter said.

Exclusive: Google faces EU antitrust probe into Fitbit deal if no concessions - sources

Fitbit's core problem is monetization, not innovation

What You Need to Know About Fitbit

Twenty advocacy groups from the United States, Europe, Latin America and elsewhere signed a statement Wednesday urging regulators to be wary of Google's $2.1 billion bid for fitness tracker company Fitbit Inc because of privacy and competition concerns.

U.S., EU advocacy groups warn against Google's purchase of Fitbit

The letter calls the deal a "test case" for future big tech acquisitions.

Consumer groups urge scrutiny of Google's Fitbit buyout in letter to antitrust regulators

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There are a lot of risky but potentially rewarding low-priced stocks if you're looking for investments trading at $7 a share or less.

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Fitbit soared in the weeks after its 2015 IPO, only to sink back down to Earth ever since.

Fitbit: How It's Fared Since Its 2015 IPO (FIT)

Australia's consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned  Google's $2.1 billion bid for fitness tracker company Fitbit.

Australian regulator raises concerns over Google, Fitbit deal

Fitbit (FIT) launches a low-cost ventilator to meet the growing need for medical devices during the COVID-19 crisis.

News for Fitbit Stock (FIT)