HyperLoop555

#Google #Alphabet #Fitbit #Smartwatch #Fitnesstracker Google  parent company  Alphabet  made an offer to acquire  Fitbit , a source familiar with the matter told CNBC Monday.  Reuters  first reported that Alphabet made the offer to buy Fitbit. Fitbit's stock was halted after skyrocketing more than 18%. The stock resumed trading and ended the day up 30.5%, adding more than $330 million to its market cap to bring it to around $1.5 billion. Fitbit shares are now up more than 12% for 2019. It's unclear how much Alphabet offered to buy Fitbit. The deal would make Alphabet a player in the wearable fitness tracking space, competing against the likes of  Apple , which recently released a new version of its popular smartwatch. Google licenses its  Wear  operating system to companies such as  Fossil  but does not currently make its own smartwatch. Google has described its hardware strategy as  "ambient computing,"  meaning users should be able to access it