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Billion Dollar Unicorns: Fitbit Struggles To Stay Relevant
Article By:
Sramana Mitra
Wednesday, May 16, 2018 11:36 AM EDT
Fitbit plans to bring back some of its lost mojo through targeted acquisitions and tie-ups. It recently announced a tie-up with Google that will allow Fitbit to leverage Google’s expertise and resources to improve its product.
In this article: FIT
Snap Out Of It: GoPro Or Go Home
Glad I received this article in my instant stock alerts email. You've completely changed my view on $SNAP. I was getting caught up in the hype of #Snap's #Spectacles, but I think you are right on the money - it's just a fad. I like your suggestion of partnering with existing hardware companies like #Fitbit and #GoPro. That makes far more sense for all the reasons you outlined. $SNAP $FIT $GPRO
What Fitbit Inc (FIT) Could Learn From Restoration Hardware (RH)
I agree that $FIT could learn from $RH's stock buyback. But just as the dedicated MP3 player became obsolete with the proliferation of smart phones, I believe #Fitbit is in serious trouble as products like the #AppleWatch go mainstream $AAPL.
Fitbit Misses Q3 Expectations And Lowers Full Year Guidance
Wasn't there a whole issue that came out that #Fitbit simply didn't work - that it wasn't reporting physical activity accurately? $FIT
Fitbit Misses Q3 Expectations And Lowers Full Year Guidance
Seth was too bullish near term and too bearish long term. There is also a lack of perception about the utility of the #Fitbit ecosystem which is wrongly considered inferior to smartphones. For some people a smartphone is more important, for others it is more important as a fitness tracker. $FIT