Magic Number predicts Fitbit acquisition using patent data

Patent investment predicts market activity, and Google’s recent acquisition of Fitbit is no exception. Google announced on November 1, 2019, that the company entered into an agreement to acquire Fitbit for a reported $2.1 billion. Google’s Senior Vice President of Devices & Services, Rick Osterloh, stated in a blog post that the acquisition is “an opportunity to invest even more in We

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