Fitbit Gains on Pact With Google Cloud for Health-Care Push
Why Investors Aren't Happy With Fitbit
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Fitbit Inc. jumped the most in two months after announcing a move to Google’s cloud computing service to help make data sharing easier across the health-care system, bolstering the struggling wearable company’s efforts to keep its fitness trackers relevant.
The partnership with Alphabet Inc.’s Google is the first sign that Fitbit Chief Executive Officer James Park is executing on his vision to rely less on consumers and more on the health-care industry. Fitbit’s slice of the wearable-device market has declined amid increasing competition.