When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FIT - European Consumer Group Bashes Google-Fitbit Deal
Fitbit Inc. Class A
It's been over six months since Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) proposed its $2.1 billion acquisition of wearables maker Fitbit (NYSE: FIT). The deal has attracted criticism and underscored ongoing antitrust scrutiny of large powerful tech companies. Earlier this year, the European Data Protection Board (EDPB) argued that the acquisition would represent "a high level of risk" to consumer data.
Another group is now warning of adverse consequences if the deal is allowed to go through.