FIT News and Press, Fitbit Inc. Class A From 08/05/20

Revenue of $261 million, GAAP Net Loss Per Share of $(0.39), Non-GAAP Net Loss Per Share of $(0.12) GAAP and Non-GAAP gross margins expand driven by 102% year-over-year growth in Fitbit.com sales Fitbit, Inc. (NYSE:FIT) today reported revenue of $261 million, GAAP net loss pe...

Following reports last month , the European Commission announced this week that it is officially opening an investigation into Google's proposed acquisition of Fitbit (NYSE: FIT) . The Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary had made an offer last November to scoop up the we...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . The precious metals rally gathered pace overnight as spot gold rose as much as 0.6% to a record $2,031.14 per ounce, while spot ...

The European Commission is launching a full-scale probe into Google's ( GOOG , GOOGL ) $2.1B Fitbit (NYSE: FIT )  acquisition following a preliminary review. More news on: Alphabet Inc., Alphabet Inc., Fitbit, Inc., Tech stocks news, Merger & acquisition news, Read more ...

Merger activity increased last week with four new deals announced and seven deals closing. Over the past month, we have seen early signs of a pickup in new deals and two large deals announced in the energy and healthcare sectors. The acquisition of Noble Energy by Chevron was a significant d...

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Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google will face a full-scale antitrust investigation by the European Union (EU) into its attempt to acquire fitness tracker Fitbit (NYSE: FIT) for $2.1 billion, according to a report by Reuters. In order to appease the EU and get the...

CNBC  sources say the EU will launch an antitrust investigation into Google's ( GOOG , GOOGL ) $2.1B Fitbit acquisition (NYSE: FIT )  next week. More news on: Fitbit, Inc., Alphabet Inc., Alphabet Inc., Tech stocks news, Merger & acquisition news, Read more ....

Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google agreed to buy wearables maker Fitbit (NYSE: FIT) for $2.1 billion last November. Google expected to close the purchase in 2020, but several recent probes could postpone the deal. Earlier this year, the U.S. Department of Justice, which ...

Inventec Appliances is supplying Fitbit ( FIT -1% ) for its low-cost Fitbit Flow emergency ventilator, DigiTimes reports. More news on: Fitbit, Inc., Tech stocks news, Read more ...