Fitbit is crashing after a pretty rough note from Wall Street

April 6, 2018

Fitbit shaved off another roughly 10% of its value in trading today after a downgrade from a Wall Street firm, which will once again throw on more skepticism as to whether or not Fitbit can be a viable business in the smartwatch market. The note came from Morgan Stanley this morning, which said it was “hard to see a floor” for the company. This comes amid an increased push from…

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