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Jay Arr

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Jay Arr

Re: SULAX post# 25566

Monday, 06/29/2015 7:23:14 PM

Monday, June 29, 2015 7:23:14 PM

Post# of 35337
The initial stockholders of Fitbit paid 37 cents a share. They were pretty happy on the floor of the Exchange. The CEO made $700 million that day. He was asked many times if he feared competition for his Fitbit (ie Apple). He said it's what keeps him up nights. It is noteworthy that Fitbit, unlike many tech startups, actually made money prior to the public offering. I believe it was $120 million in profits in the previous 12 months.
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