Fitbit is crashing after a pretty rough note from Wall Street – TechCrunch

Fitbit shaved off another roughly 10% of its value in trading today after a downgrade from a Wall Street firm, which will once again throw on more skepticism as to whether or not Fitbit can be a viable business in the smartwatch market. The note came from Morgan Stanley this morning, which said it was “hard to see a floor” for the company. This comes amid an increased push from Apple to position