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Enterprise Information Roundup, April three

Wearable units

Fitbit inventory takes a tumble

Fitbit Inc.’s troubles aren’t letting up.

Shares of the wearable health-device firm primarily based in San Francisco fell 9.5 % to shut at $four.62 Monday after Morgan Stanley beneficial traders promote the inventory, saying Fitbit’s plans to focus extra on software program as an alternative of units are unsure and can take time to bear fruit.

Fitbit, which helped pioneer the fitness-tracking trade, has been squeezed between Apple Inc.’s high-end watch and cheaper choices by corporations like Xiaomi Corp.

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