Google To Buy Fitbit For $2.1 Billion, What About Privacy Concerns?

  • 📰 Forbes
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Fitbit is getting Googled, in more ways than one.

That’s because there was a Fitbit of news on Friday. Google, a company that you may have heard of, will be acquiring Fitbit, Inc., which has been a pioneer in the wearable-technology and fitness tracker market., the deal will go down for $7.35 per Fitbit share, which amounts to about $2.1 billion.

In a statement for the press release, James Park, co-founder and CEO of Fitbit, said, “We have built a trusted brand that supports more than 28 million active users around the globe who rely on our products to live a healthier, more active life.” Fitbit could grow its customer base in part through consumer trust that its data was not being used and sold for advertising and other purposes:

So what are the concerns about having such personal and health data all in one place? One is further targeting by advertisers. If you thought that gym ads appearing on your computer screen after you have searched for “I have got the runs” was creepy, what does the future have in store for you? Here’s one possibility:

As you can see, health data can be powerful, more powerful than knowing how many times you listened to a Justin Bieber song. Because your health can determine what you can and can’t do. It can determine your vulnerabilities, your limitations, or at least what others view as your vulnerabilities and limitations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What about Monopoly concerns ...?

It google they will take care of your data

Google to buy Fitbit for $2.1 billion, but what about privacy concerns? 🥺🤔😏

What a joke !! 😂😂

The Inventor, Mr. Bit, I’m sure is loving those s! Who wouldn’t?

U have no privacy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google to Buy Fitbit, Amping Up Wearables RaceIn announcing its $2.1B acquisition of Fitbit, Google said it wouldn't use Fitbit users' personal data to help power its massive online advertising business: 'We will be transparent about the data we collect and way' Until you get hacked.... Way? Haahaaa... Really? Way? Nightmare city.
Source: WSJ - 🏆 98. / 63 Read more »

Google to buy Fitbit in $2.1 billion dealGoogle has announced plans to acquire Fitbit, the world's leading maker of wearable fitness activity trackers. The deal, worth about $2.1 billion, is one of Google's largest acquisitions. Google out here making moves I smell a monopoly Great so now they can track us even more
Source: CNN - 🏆 4. / 95 Read more »

Google parent to buy Fitbit for $2.1 billion🔥🔥🔥💰💰💰 they literally just bought it for data. $2.1 billion worth of information. crazy. Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: USATODAY - 🏆 100. / 63 Read more »

Google to buy fitness wearables giant Fitbit for about $2.1 billionFitbit is a pioneer in wearable fitness technology, but it's been under pressure from other device makers. Sketchy! Data mining. And no, I don’t have a tin foil hat. OMG
Source: latimes - 🏆 11. / 82 Read more »

Google to Buy Fitbit for $2.1 BillionThe sale will help Google expand their health-tracking software.
Source: runnersworld - 🏆 19. / 71 Read more »

Google Scores Fitbit For $2.1 Billion In Move That Could Help It To Compete With AppleGoogle's acquisition could help the tech giant compete with rivals Apple and Samsung in the wearables sector. Overpaid for a dying company but chump change for google You mean, 'get more information about your well-being so it can advertise to you better.' Fitbit essentially threw their original customers, who bought (and love) the Fitbit One, into the bin. Many of us aren't into or can't wear techno-watches on our wrists or can't jog but do want the in-the-pocket tracker. Please Google bring the fitbit One back!!!
Source: Forbes - 🏆 394. / 53 Read more »