Tag Archives: fit

Fitbit CEO: M&A ‘Big Part’ Of 2016 Growth Strategy

LAS VEGAS — Fitbit (FIT) stock has lost over 20% of its value in the last three sessions as investors shunned the introduction of the wearable maker’s newest product, Blaze. IBD had a chance at CES to speak one-on-one with Fitbit CEO James Park about the company’s outlook. Park says there’s a disconnect between investors and retailers, who are “excited” about Blaze. But with the new smart fitness watch looking very similar to the Apple (AAPL)

Fitbit CEO says retailers, consumers excited for Blaze watch

LAS VEGAS — As Fitbit (FIT) stock fell hard for a third straight day, the company’s chief executive remained upbeat that the maker of wearable fitness devices is on the right track. In an interview with IBD on Thursday, Fitbit co-founder and CEO James Park defended the company’s “smart fitness watch,” the Fitbit Blaze, announced Tuesday at the CES trade show. Some analysts speculated that the device could fare poorly against the full-featured