The ACCC says it won’t accept a legally binding pledge offered by Google to address competition concerns about its proposed acquisition of Fitbit. The competition regulator says its investigation into Google’s proposed acquisition of the wearables manufacturer will continue, setting a new decision date on whether to approve the deal in Australia by March 25,… Read more »
The Australian Competition and Consumer Commission (ACCC) has expressed concern about Google’s proposed acquisition of fitness tracker company Fitbit. The acquisition will let Google add years’ worth of Fitbit users’ data to its already unequalled consumer data collection. This could reduce competition in certain health services and other markets in Australia. Google revealed its plans… Read more »
Soldier.ly has designed a stress intervention tool, a smartwatch app called Overwatch, that it hopes can help those suffering from stress.
“The anthropologist Marcel Mauss once said that the difference between magic and religion is that people actually believe in magic. But wearing a FitBit, it is easy to imagine what it feels like to believe in God. Clipped on my bra strap or tucked into a pocket, my FitBit watches over me. It converts even the most pointless errand into a pilgrimage. The final destination is more steps,” writes Moira Weigel. [Source: The New Inquiry]
Fitbit has earned the title of ‘super dragon’ following its successful IPO, which raised about US$732 million by selling 36.6 million shares. This is the third-largest US IPO of 2015, according to deal tracker Dealogic; and the San Francisco-based consumer hardware company is now valued at about $6.2 billion.