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January 11, 2016

Fitbit’s Post-Smartwatch Announcement Crash Marches On, Dropping Another 10%

fitbit-earnings Fitbit is already not having a good week. After unveiling a new smartwatch at CES last week, the stock tanked 18% over the course of the day. But things have only gotten worse for the fitness tracking device-focused company, with its shares dropping another 10% in trading today. The stock fell as much as 13% during the day, bringing it to an all-time low. As we noted last week, this seems to be… Read More

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