Report: Facebook wanted to buy Fitbit too, but Google offered more cash

Report: Facebook wanted to buy Fitbit too, but Google offered more cash 1

Google buying Fitbit was the big news of the day, but in an alternate universe, it might have been another tech behemoth making. According to a report by The Information, Facebook courted Fitbit too, but Google was willing to pay double. For reference, Google ended up closing the deal for about $2.1 billion.

Facebook doesn’t have a huge hardware presence, with its best-known physical products being its Oculus VR headsets and its Portal smart displays. The fact that it tried to buy Fitbit suggests the company is looking to expand its hardware offerings. But then again, the fact it wasn’t willing to go higher also suggests it either isn’t in that much of a hurry to enter the smartwatch and fitness wearable market.

It’s also worth noting Facebook is facing increasing pressure from legislators that would like to see the company broken up. Google has faced similar pressure, but at least that company has an established major presence in wearables. Facebook buying up Fitbit, which has virtually nothing to do with the social network’s current offerings, isn’t likely to endear it to lawmakers any further.

For now, there’s no word on whether we’ll see a Zuck-approved fitness tracker anytime soon.

Facebook Held Talks to Buy Fitbit Before Google Struck Deal on The Information

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 62,626.00
ethereum
Ethereum (ETH) $ 3,905.73
binance-coin
Binance Coin (BNB) $ 479.34
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.01
xrp
XRP (XRP) $ 1.16
solana
Solana (SOL) $ 161.98
polkadot
Polkadot (DOT) $ 43.70
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.242127
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 62,626.00
ethereumEthereum (ETH)
$ 3,905.73
tetherTether (USDT)
$ 1.01
bitcoin-cashBitcoin Cash (BCH)
$ 635.50
litecoinLitecoin (LTC)
$ 193.73
bitcoinBitcoin (BTC)
53.937,58
ethereumEthereum (ETH)
3.363,87
tetherTether (USDT)
0,869878
bitcoin-cashBitcoin Cash (BCH)
547,33
litecoinLitecoin (LTC)
166,85
bitcoinBitcoin (BTC)
45,717.29
ethereumEthereum (ETH)
2,851.20
tetherTether (USDT)
0.737305
bitcoin-cashBitcoin Cash (BCH)
463.92
litecoinLitecoin (LTC)
141.42

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

ICo Presale
The Science Behind ICO Presales…
October 14, 2021
Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin62,579 1.72 % 8.56 % 16.11 %
Ethereum3,891.7 0.88 % 3.11 % 8.26 %
Binance Coin477.19 0.42 % 1.81 % 8.47 %
Cardano2.240 0.99 % 3.18 % 1.63 %
Tether0.9986 0.03 % 0.08 % 0.23 %
XRP1.160 0.85 % 2.01 % 8.14 %
Solana162.42 1.33 % 7.99 % 5.29 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
Dogecoin0.2401 0.13 % 2.92 % 1.37 %

bitcoin
Bitcoin (BTC) $ 62,626.00
ethereum
Ethereum (ETH) $ 3,905.73
binance-coin
Binance Coin (BNB) $ 479.34
cardano
Cardano (ADA) $ 2.25
tether
Tether (USDT) $ 1.01
xrp
XRP (XRP) $ 1.16
solana
Solana (SOL) $ 161.98
polkadot
Polkadot (DOT) $ 43.70
usd-coin
USD Coin (USDC) $ 1.01
dogecoin
Dogecoin (DOGE) $ 0.242127