Producer of wearable technology devices founded in 2007. Acquired Pebble in 2016. Google announced it was buying Fitbit for $US2.1 billion in November 2019, but the deal is pending regulatory approval.
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
In 2019 the median pay for a worker at this company was US$133,798. The CEO was paid 29 times this amount. Exorbitant CEO pay is a major contributor to rising inequality. CEOs are getting more because of their power to set pay, not because they are increasing productivity or possess specific, high-demand skills. The economy would suffer no harm if CEOs were paid less (or taxed more). In contrast, the CEO-to-typical-worker compensation ratio was 20-to-1 in 1965 and 58-to-1 in 1989. A lower pay ratio could indicate a company is dedicated to creating high-wage jobs and investing in their employees for the company's long-term health.
Source: AFL-CIO (2020)
|Revenue||US$353 million in 2017|
|Subsidiaries||Pebble Technology Corporation
Fitbit (Australia) Pty Ltd
|Address||San Francisco, California, USA|
Products / BrandsFitbit Australia