Technology News

<div>Fitbit's holiday-quarter sales forecast misses estimates, shares plunge</div>

(Reuters) – Wearable fitness device maker Fitbit Inc reported a lower-than-expected quarterly revenue and gave a current-quarter revenue forecast that was well below estimates as it faces stiff competition from rival device makers. The company’s shares plummeted more than 30 percent in extended trading on Wednesday. Fitbit’s revenue rose 23.1 percent to $ 503.8 million […]