Fitbit Inc fka FIT

[ernie44]

knew this was going to CRASH

[MinnieM]

I finally closed my fitbit account due to google involvement and online tracking in general.








Message in reply to: Expresso123

Google closes Fitbit deal as U.S., Australia probes continue

[Expresso123]

Google closes Fitbit deal as U.S., Australia probes continue

[whytestocks]

News; $FIT Google's Fitbit Acquisition Might Not Close This Year

Fitbit (NYSE: FIT) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google have been hoping to close the $2.1 billion acquisition of the wearable gadget maker this year, but that might not happen. Initially announced in November 2019, Google and Fitbit have been tr...

Got this from FIT - Google's Fitbit Acquisition Might Not Close This Year

[whytestocks]

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

The European Union (EU) expects concessions before its regulator allows Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) unit Google to acquire Fitbit (NYSE: FIT) .  According to a report from Reuters citing "people familiar with the matter," the U.S. tech giant will have to give up somet...

Find out more FIT - Report: Alphabet Must Offer Concessions for Fitbit Acquisition to Win EU Approval

[whytestocks]

News: $FIT What You Need to Know About Fitbit

Fitbit (NYSE: FIT) is a household name in the fitness market thanks to its simple but effective exercise-activity trackers. With a roster of products including smart watches and wristband activity trackers, Fitbit's offerings record health metrics including heart rate, distance travelled, an...

Read the whole news FIT - What You Need to Know About Fitbit

[MinnieM]

Anyone here find benefit to signing up for the premium service? I'm still using my fitbit, but, haven't tried premium. I used to keep track of my calories, but, haven't done that for awhile.

[bar1080]

"Fitbit (FIT) Q4 Loss Wider Than Estimated, Revenues Lag"

"Fitbit, Inc. FIT reported fourth-quarter 2019 adjusted loss of 12 cents per share, wider than the Zacks Consensus Estimate of a loss of 4 cents.

The company’s total revenues came in at $502.1 million, down 12.1% year over year but up 44% on a sequential basis. The figure also missed the consensus estimate by 5.99%.

Following the weaker-than-expected fourth-quarter results, the share price fell 1.4% in after-hours trading."

https://finance.yahoo.com/news/fitbit-fit-q4-loss-wider-151503083.html

[MinnieM]

Sadly, you are likely correct.





Message in reply to:

Karen ,, I would bet the someone already has all that data info

[jziggyp]

Karen ,, I would bet the someone already has all that data info

[MinnieM]

That's an interesting idea, but, I really liked viewing the trends on the app. I'm still wearing it at the moment, but, seriously considering this to be my last week of it. Pretty sure of it actually.

It's been great seeing my sleep cycles and what my HR does at various times. It's been quite educational. The most interesting is seeing the run up in resting heartbeat as a kind of warning that something like a cold or flu is coming on. I stay away from others when I see that happening. That's the primary value of it to me at this point.

Privacy is becoming more of a serious issue... has been for a long time. Look at the DNA testing companies... they started out doing well, and suddenly having a tough time gaining business.







Message in reply to:

I can understand how you feel, Karin, I also value my privacy. That said, it isn't necessary to stop using your Fitbit, just disconnect it from the app so it isn't sending info back to your phone and/or computer and Fitbit (soon to be Alphabet).

I actually have two Fitbits, one connected to their app and the other not. Either one will tell me the info I want, but I prefer to use the one that is not sending my info back to Big Brother, LOL

Newly

[Newly2b]

I can understand how you feel, Karin, I also value my privacy. That said, it isn't necessary to stop using your Fitbit, just disconnect it from the app so it isn't sending info back to your phone and/or computer and Fitbit (soon to be Alphabet).

I actually have two Fitbits, one connected to their app and the other not. Either one will tell me the info I want, but I prefer to use the one that is not sending my info back to Big Brother, LOL

Newly

[MinnieM]

I may stop using my Fitbit... I've used it long enough to have a good feel for what my body does during specific exercises and sleep. What I don't like is adding health related info to that which Google already collects on me. Big tech simply has too much info on each of us.

I have the same issue with Apple.

But, it's good that investors can get out if they so choose.






Message in reply to:

News: $FIT Alphabet Buying Fitbit Isn't the Problem, It's the Apple Watch

Perhaps by now, you've heard: Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has submitted a $2.1 billion bid to purchase Fitbit (NYSE: FIT) . The proposal throws shareholders in the wearables pioneer a lifeline, giving them an exit from what has been a train wreck of an investment. But the ...

Read the whole news FIT - Alphabet Buying Fitbit Isn't the Problem, It's the Apple Watch

[whytestocks]

News: $FIT Alphabet Buying Fitbit Isn't the Problem, It's the Apple Watch

Perhaps by now, you've heard: Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has submitted a $2.1 billion bid to purchase Fitbit (NYSE: FIT) . The proposal throws shareholders in the wearables pioneer a lifeline, giving them an exit from what has been a train wreck of an investment. But the ...

Read the whole news FIT - Alphabet Buying Fitbit Isn't the Problem, It's the Apple Watch

[whytestocks]

News: $FIT Is Huami an Undervalued Growth Stock?

Huami (NYSE: HMI) might not be a familiar name to most investors, but the Chinese company is actually the world's top wearable device maker. That's because it manufactures all of Xiaomi 's (OTC: XIACF) wearables, which led the wrist-worn wearables market with a 17.3% share in the sec...

Got this from FIT - Is Huami an Undervalued Growth Stock?

[whytestocks]

News: $FIT Strategy Analytics: Apple Watch Shipments Surged 51% in Q3

In addition to estimates on the tablet market , market researcher Strategy Analytics also recently released figures for the smartwatch market in the third quarter. Unsurprisingly, Apple  led the way with Apple Watch, which has long been the best-selling smartwatch in the world. Apple...

Got this from FIT - Strategy Analytics: Apple Watch Shipments Surged 51% in Q3

[whytestocks]

News: $FIT Google's Fitbit Acquisition Is All About Apple

Google has agreed to acquire Fitbit (NYSE: FIT) for $2.1 billion in cash. The move will give the Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary a foothold in the wearables market, an area it's been trying to develop for several years now by licensing Wear OS, a smartwatch operating...

Got this from FIT - Google's Fitbit Acquisition Is All About Apple

[Timetravelerdos]

Totally agree. I’ve seen that happen on other buy outs in the past.

[10thMountain]

Imo it might start to drop briefly to fill that huge gap. I’m watching closely. If that happens, I’ll grab as many shares as possible and ride it up to at least 7.35. It will most likely go much higher than 7.35 eventually, though

[moneytown]

Christmas indeed came early =)

Sold some share to get my initial investment back and then some $$. Will sell more at next target of $10 and let the rest ride!!!

[rynlrt]

Lol not holding for months for a gain like that. Ive seen many stocks get bought out though and the share price go way beyond the buyout price

[AllHailCisar]

All you can do at this point is either sell for money now, as the most you will get is 7.35 per share, unless it gets voted against by shareholders. Not likely for that to happen. You can buy now and hold for the buy out and make about .20 per share if that is the type of invested you are. It will be garunteed profit at this price as Google will buy all shares at 7.35 at some point in 2020.

[rynlrt]

So you think the price is gonna fall?

[10thMountain]

I agree

[SmallCapStockGuy]

I don't think FIT will likely go much higher based on the buyout price of $7.35 per share

[SmallCapStockGuy]

.

[10thMountain]

That huge gap has to close before it runs, imo

[SmallCapStockGuy]

FIT ON FIRE....

They were ON POINT with this one.

[tybee]

The news is out, what is going to drive this stock up now...

[Scash2014]

Hey, I have a question:)

If the deal is for Google to pay $7.35 per FitBit share, then how will it go to $20 per share (what you said you're holding for)?

New-ish to all of this and trying to understand if a buy-out means they will pay more than the 7.35 announced. And, is that even allowed....?

Just trying to learn here....thank you!

[rynlrt]

Can anybody explain why this isnt exploding up?

[rynlrt]

This is a hige deal, so why is the share price not surging up?

[Timetravelerdos]

Google parent Alphabet to acquire Fitbit for $2.1 billion

Google's parent company Alphabet (GOOG, GOOGL) is acquiring health tracking company Fitbit (FIT) for $2.1 billion. The deal will pay out $7.35 per Fitbit share, which was priced at $6.16 in pre-market trading Friday. The news follows an earlier report that the two firms were set for a tie up.


https://finance.yahoo.com/news/google-buy-fitbit-2-1-132122183.html

[Pstats]

22k shares here and I will be holding this to hit 20$ +

[Pstats]

MERRY CHRISTMAS ALL SOON TO BE RICH!!!! HELLA YEAH!!

[samplescave]

One thing for sure. Someone knew something pre-halt this morning as there were 14,000 shares soaked up
right before the Halt!!!

(Some dumb ass sold about 1,000 right before that!!!)

LOL!!!

[samplescave]

I think it could be Google.

[samplescave]

Really? Then why would they Halt the Stock if there wasn’t going to be a Buyout???

That doesn’t make any sense...

[Talc Moan]

Fitbit Halted pending news. Possible Google/Alphabet buyout

[#1pennytrader]

Have a feeling no buyout.. This was to get price up... Let's us know value of here.... Imo... Unless they announce something soon...

[Timetravelerdos]

Fit doing well today. Simply need to load up for the Google update on a buyout. Good idea to have shares in the system in case they announce after hours. Sometimes after hours a company will say the buyout and share price effective the day of the announcement. Meaning your shares will get the higher price.

[Pstats]

ADDED ANOTHER 5K ON YESTERDAY DIP!!

FIT 10$ COMING !!!

RISH SOON !!!

[Timetravelerdos]

Bulls came back and Fit looks in good shape for another run.

[CharlesMartin1]

Short attack

[Pstats]

LOADING HEAVY!!! FIT is going to make me rich!!

[Pstats]

10$ coming here ! Hold tight

[jonny_red]

5 Penny Stocks That Are Rallying This Week; 1 Up 296% Since January

$AVGR $BASI $FIT $ISEE $ENDP $IBB

https://www.transparenttraders.me/2019/10/5-penny-stocks-that-are-rallying-this.html

[CharlesMartin1]

Tight band or soar...

[CharlesMartin1]

Yep. I’ve bought what I feel comfortable holding. Looking forward to hearing the result now.

[Timetravelerdos]

Yep when that announcement happens those on the edge better get in asap. As for me buy now at this good price and simply make more money.