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Monday, 01/08/2018 12:41:12 PM

Monday, January 08, 2018 12:41:12 PM

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https://finance.yahoo.com/news/fibit-inc-invests-blood-glucose-153119494.html
Fitbit Inc (NASDAQ:FIT) confirmed that it has made its first investment in a startup, in an effort to beat Apple Inc.’s (NASDAQ:AAPL) Apple Watch. The Fitbit investment is in a company called Sano, which aims to develop a wearable, coin-sized blood sugar monitor for diabetics. FIT stock popped on the news on Friday morning, but is now down 2.5% shortly after the bell Monday morning.
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