Fitbit pinched for $12.25M after not immediately reporting known defect in recalled smartwatch

Fitbit pinched for .25M after not immediately reporting known defect in recalled smartwatch

Fitbit will pay a civil penalty of $12.25 million after it “knowingly failed to immediately report” a defect in its Ionic smartwatches that caused dozens of people to sustain burn injuries, the Consumer Product Safety Commission (CPSC) said Thursday. Fitbit agreed to pay the penalty after reaching a settlement with the CPSC.  The commission brought … Read more

Alphabet shares close above $200 for first time

Alphabet shares close above 0 for first time

Sundar Pichai, chief executive officer of Alphabet Inc. Kyle Grillot | Bloomberg | Getty Images Alphabet shares closed at $200 per share for the first time on Friday as investors grow increasingly bullish on the company’s opportunities in artificial intelligence. The stock gained 1.1% on Friday and a little over 2% for the week to … Read more