Fitbit tries to convince investors it’s still alive

Fitbit’s shares are not much more than 10% of the highs it reached of $47.60 in July 2015, the month following its public debut. On Wednesday, Fitbit closed $5.07, just barely a “unicorn” at $1.16 billion in market value. But the stock saw a rare boost after the company reported quarterly earnings, sending shares up over 4% in initial after hours trading. The company… Read More...