Fitbit Fit for Wall Street; President Obama Not Making Dems Happy; Softbank’s Robot Wants Your Affection

Fiscal fitness…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Fitbit made its highly anticipated Wall Street debut today and beefed up its valuation to a very fit and healthy $4 billion. CEO James Park, who had some 20 million shares, has now banked a very robust $600.6 million. Even though $732 million was raised for the IPO and the initial price per share was but $20 a pop, the stock surged 52% on its very first day of trading. Opening up the fiscally glorious day at over $30 per share, Fitbit clearly sent a message to Wall Street that it has arrived and that investors totally dig the stock. The company, which trades under the very aptly named FIT (catchy, huh?) has been drawing some not so flattering comparisons to Blackberry. There is currently a number of other companies offering similar devices. And despite Fitbit’s insistence that it is different from the rest, many analysts are still wondering if Fitbit can keep ahead of the competition, as it seems to be doing now. Or will it lose its swagger with consumers if it can’t innovate quickly and effectively enough. Hmmm….

Things could get ugly…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

It’s called the “fast-track trade bill” a.k.a. “trade promotion authority” and it’s causing quite the stir in Washington. Basically, it’s a bill that lets the President negotiate global trade deals and Congress can opt to reject or approve them. It just can’t make any changes to them. It’s a take it or leave it kind of thing. Sounds completely harmless, right? That depends on whom you ask. Democrats, and unions don’t like the bill. They feel it will cost American jobs. Of course, American businesses are totally down with the bill and want to see it passed because they feel it would lead to more opportunities which is just fancy talk for: lots of money. The House of Representatives already voted in favor of it and the bill’s fate is now in the hands of the Senate. This bill is all part of President Obama’s master plan to pass the Trans-Pacific Partnership that would make trading between the U.S. and 11 other countries so much easier and take away a bunch of pesky obstacles. If the Senate votes to pass it, well then, I guess you’ll have some very ticked off Dems and union members. Oh well.

All I want for Christmas…

Image courtesy of  Boians Cho Joo Young/FreeDigitalPhotos.net

Image courtesy of Boians Cho Joo Young/FreeDigitalPhotos.net

Softbank, in a joint deal with China’s Alibaba and Taiwan’s Foxconn, is putting its adorable robot “Pepper” up for sale beginning June 20. Well, in Japan anyway. But don’t worry. It’s set to make its U.S. debut sometime next year. Now, adorable may not be the first word that comes to mind when you think of robots, but consider that Pepper enjoys contact with humans, particularly on its head and hands, and was initially used as a greeter in Softbank’s phone stores. Pepper, affectionately dubbed the “robot with a heart” goes on sale for $1,600 with an additional $200 for monthly service fees and maintenance. The bot is apparently also good with kids and makes for a great employee as well, though not necessarily in that order. There must be a joke in there somewhere.The cuddly bot is also able to recognize human emotions and can even react with anger and joy. I’m pretty sure there was a sci-fi horror flick based on that premise.

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One response to “Fitbit Fit for Wall Street; President Obama Not Making Dems Happy; Softbank’s Robot Wants Your Affection

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