Even though it’s a great company, I try to stay away from these tech startups. Technology is too much of a fad to invest my hard-earned dollars into.
FitBit shares popped 48% to almost $30 per share on its first day of trading after pricing its IPO last June. However, even after selling over 21 million devices last year, shares of the wearable wristband company have fallen below $15 over concerns that the hype surrounding the “quantified self” as the next step in fitness and digital health was overdone. CFO William Zerella laid out the path of growth for the company to Yahoo Finance.