Google To Buy Fitbit For $2.1 Billion, What About Privacy Concerns? [Forbes]
FITBIT INC (FIT)
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Source: Forbes
Google To Buy Fitbit For $2.1 Billion, What About Privacy Concerns? Fitbit is getting Googled, in more ways than one. That’s because there was a Fitbit of news on Friday. Google, a company that you may have heard of, will be acquiring Fitbit, Inc., which has been a pioneer in the wearable-technology and fitness tracker market. According to a Fitbit press release This will certainly help Google get a leg up, or an arm up, or wherever you happen to wear your wearable up, on the rest of the wearable technology market. Google certainly won’t be the only players in the market and would have to catch up to Apple, Samsung, and others in many ways. But it is kind of nice when you can just buy a leading fitness tracker company to do so. In a blog post, Rick Osterloh, Senior Vice President of Devices and Services for Google, described the impending acquisition as “an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.” He indicated th
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