Fitbit’s holiday-quarter sales forecast misses estimates, shares plunge

Bets against Twilio climb thanks to fresh supply of shares
November 2, 2016
Facebook reports better-than-expected rise in revenue
November 2, 2016
This post was originally published on this site

(Reuters) – Wearable fitness device maker Fitbit Inc reported a lower-than-expected quarterly revenue and gave a current-quarter revenue forecast that was well below estimates as it faces stiff competition from rival device makers.