Fitbit shares tanks 29 percent as holiday sales look bleak

 Fitbit is going to have a rough holiday season as the company shared a disappointing outlook for the next quarter on yesterday’s earnings call. As a result, Fitbit shares (NYSE:FIT) opened at $9.03, down 29.5 percent compared to yesterday’s closing price of $12.81. So what happened exactly? Fitbit’s earning report yesterday wasn’t great, but it wasn’t too bad either. Read More
Fitbit shares tanks 29 percent as holiday sales look bleak was first posted on https://techcrunch.com/gadgets/