Google LLC is a multinational technology company that specializes in Internet-related services and products. These include online advertising technologies, search engine, cloud computing, software, and hardware. It is considered one of the Big Four technology companies. Others are Amazon, Apple, and Facebook.
Fitbit, Inc. is an USA company headquartered in San Francisco, California. The products are activity trackers, wireless-enabled wearable technology devices that measure data such as the number of steps walked, heart rate, quality of sleep, steps climbed, and other personal metrics involved in fitness. The use of this wearable technology helps people lose fat and gain muscle.
The deal is pending regulatory approval.
Alphabet Inc. is a multinational conglomerate. It was created through a corporate restructuring of Google. It became the parent company of Google.
Fitbit is being acquired by Google's parent company for about $2.1 billion US. This deal allows the internet company to step back into the competitive market for smartwatches and health and fitness trackers.
Google did not have much presence in the wearables market. This deal could give more opportunity to compete with the Apple Watch.
Fitbit has 28 million active users worldwide and has sold more than 100 million devices.
The stock below looks like it is really has great growth throughout the years. Will it continue growing like this? Probably.
Google has a huge amount of money. It can buy out anything that it wants.
ReplyDeleteIn March, Fitbit showed the Fitbit Versa. It is a product that is a smartwatch. It is similar to an Apple watch. Versa is the successor to the company’s previous releases like Blaze and Ionic.
ReplyDeleteFitbit Charge is a step better in price and features than the One and the Flex. This model tracks steps, distance, calories burned and floors climbed. It tracks active minutes. It features a clock, auto sleep detection and sleep tracking. It’s nice to have a silent vibrating alarm and caller ID.
There are many Fitbit products out there. Fitbit Charge 3 is a pretty good fitness tracker. Fitbit Inspire HR is nice. Fitbit Flex 2 is a pretty nice budget tracker. Fitbit Versa Lite is lighter on the price and features.
Fitbit offers 1-year limited warranty to the original purchaser of a Fitbit product. It is guaranteeing that their products will be free from defects in materials and workmanship under normal use for a 1-year period.