E*TRADE Generation Trader: FitBit's Position in Wearable Tech
FitBit is a pioneer in wearable technology. But the company has recently shifted its strategy amid competition from the Apple Watch, and as the wearable market has failed to really see mass adoption. Cheddar's Hope King and Brad Smith explore the company's performance using E*Trade's innovative platform.
Adult wearable technology users in the U.S. is expected to grow nearly 12 percent this year, according to eMarketer. In a survey conducted by Cheddar, 18 percent said they own a FitBit compared to 27 percent who've said they own an Apple Watch. 47 percent of those surveyed by Cheddar say they don't wear any wearable technology.
FitBit has had an up and down year, with shares ranging between $5 and $7 a share. Overall, shares are down 17 percent over the course of the past year. The company did introduce its first smartwatch in 2017, and is looking to directly compete against the Apple Watch at a similar price point. Shares also hit a 52-week high in December during the holiday shopping season.
FitBit reports fourth quarter earnings after the Closing Bell Monday. Analysts expect revenue of nearly $590 Million, and to break even in profit.
Despite Uber's fatal self-driving car crash last week, the rival ride-hailing app is not slowing down tests of its own autonomous programs, said CBO David Baga. The accident was the first involving a driverless car, which forced Uber to suspend trials of its program.
Messaging app Telegram has raised an additional $850 million for its initial coin offering, according to documents filed with SEC on Thursday. The funding means that Telegram has raised a total of $1.7 billion to date for its ICO.
Jaguar's Product Planning Manager Dave Larsen pointed out that Waymo's software would have avoided the fatal crash by one of Uber's self-driving cars last week in Tempe, Ariz. Recently, reports have emerged that Uber's self-driving car tests were falling far behind rival Waymo's long before that crash.
While the technology is almost there, legislation may be the reason a fully autonomous society is pushed back. Dave Larsen, Jaguar's U.S. Product Planning Manager, says it'll take about 20 years.
President Trump called out Amazon in an early morning tweet Thursday, saying he's concerned the company pays "little or no taxes." This follows reports that the president wants to go after Amazon. Immediately following these reports, Amazon stock tanked, losing billions of dollars in market cap. This is not the first time Trump has attacked Amazon.
Facebook is making changes to its data-sharing practices in the wake of the Cambridge Analytica scandal. The social media company announced late Wednesday that it would stop sharing user information with third-party data firms. This strategy has been at the core of Facebook's business for the past few years.
Bryan Cranston, star of the hit show "Breaking Bad," joins us to talk about this new project. He's the co-creator of "The Dangerous Book for Boys," a new TV series which will stream on Amazon Prime. Fans won't see him on camera, but they will see actress Erinn Hayes. Cranston and Hayes tell us what to expect from the family-friendly show. It premieres on Amazon this Friday, March 30th.
Later this year, Jaguar will provide Waymo with its first I-Pace electric vehicle. It will then be fitted with self-driving tech and begin testing, says Dave Larsen, Jaguar's U.S. Product Planning Manager. The two companies hope to roll out about 20,000 autonomous vehicles by 2020.
By growing so quickly and with such scale, the cryptocurrency market almost brought the investigation by the SEC on itself. "[It] is a situation that regulations cannot ignore," says Paul Vigna, reporter at the Wall Street Journal and author of "The Truth Machine."
Facebook is making changes to its data-sharing practices in the wake of the Cambridge Analytica scandal. The social media company announced late Wednesday that it would stop sharing user information with third-party data firms.
President Trump called out Amazon in an early morning tweet today, saying he's concerned the company pays "little or no taxes." This follows reports that the president wanted to go after Amazon.
