After sagging sales numbers, Fitbit’s stock price collapses by over 33%

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Enlarge / The Charge 2 is a slightly bigger version of Fitbit’s Alta. (credit: Valentina Palladino) In Thursday afternoon trading, Fitbit’s stock price lost more than one-third of its value after the company announced a significant drop in profits. According to its latest quarterly numbers , the company made $26.1 million in the third quarter of 2016 compared with $45.8 million during the same quarter a year ago. In mid-September, the company released the Fitbit Charge 2, a mid-range $150 device. Read 4 remaining paragraphs | Comments

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After sagging sales numbers, Fitbit’s stock price collapses by over 33%

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