Fitbit Shares Drop Over 20 Percent After Weak Earnings Report

LOS ANGELES, CA - JANUARY 30: Fitbit fitness trackers are displayed on a shelf at a Target store on January 30, 2017 in Los Angeles, California. Fitbit announced that it will lay off 110 employees, or 6 percent of its workforce, after anticipating lower-than-expected fourth-quarter earnings. (Photo by Justin Sullivan/Getty Images)
LOS ANGELES, CA - JANUARY 30: Fitbit fitness trackers are displayed on a shelf at a Target store on January 30, 2017 in Los Angeles, California. Fitbit announced that it will lay off 110 employees, or 6 percent of its workforce, after anticipating lower-than-expected fourth-quarter earnings. (Photo by Justin Sullivan/Getty Images)
Fitbit Shares Drop Over 20 Percent After Weak Earnings Report
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Justin Sullivan / Staff
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January 30, 2017
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