Google acquires Fitbit for $2.1 billion, still commits to investing in Wear OS

Chances are, you’ve heard of Fitbit. They’re one of the leaders in the wearable market for health and activity trackers. Today, Google announced that it will be buying Fitbit as a whole for $2.1 billion. It’s also important to note that this isn’t Alphabet, Google’s parent company, acquiring them. Fitbit will fall under the Google brand, just like Nest and all other Google products.

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Alphabet revenues rise 25%, no drastic change with Android strategy in sight

Yesterday marked the earnings call for the parent company of Google, Alphabet. It posted a 25% rise in revenue quarter on quarter, shrugging off the $5 billion EU fine. Due to the fine, Alphabet reported two different profit figures in its earnings call. Excluding that, Alphabet said profit was $11.75 a share. Google plans to appeal against the EU ruling. Even including the record fine, the company generated $3.2 billion in net income during the second quarter.

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