Fitbit Takes 18% Stock Hit For Invading Apple’s Personal Smartwatch Space

 So much for the holiday bump for Fitbit shares. After seeing a huge boost following the holiday shopping season — when the app topped the App Store, indicating that the device seemed to be a popular gift — Fitbit shares tumbled more than 18 percent in trading today. Previously, Fitbit had gained 38 percent on the year after going public in 2015, and bumped an extra 5 percent… Read More