Tag: Fitbit

What Google’s Acquisition of Fitbit Could Mean For Individuals’ Personal Information
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What Google’s Acquisition of Fitbit Could Mean For Individuals’ Personal Information

Google is purchasing wearables creator Fitbit for $2.1 billion in cash, a strong move by the internet giant to help its abilities in the nascent market for wearable technology even as it faces serious administrative scrutiny over its huge trove of personal information. The $7.35 per-share price that Google is paying represents a premium of over 70% from where Fitbit's stock was trading earlier this week before reports of deal talks leaked. The purpose behind the acquisition is basic: Google wants a stronger foothold in the wearables industry, which is commanded by Apple's Watch and Fitbit's different gadgets. Despite the fact that Google was one of the first organizations to perceive the capability of wearable technology, it has failed to build up a hit product. In the meantime...