Fitbit Unveils Inexpensive COVID-19 Ventilator

Fitbit (NYSE: FIT) announced the launch of a low-cost emergency ventilator for use during the COVID-19 pandemic.

In a press release, the maker of fitness trackers, which is being acquired by Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google, said it received an Emergency Use Authorization from the U.S. Food & Drug Administration to develop and bring the ventilator to market. The device is designed to be used only when there isn't a traditional ventilator available.