![People participate in an exercise class, outside the New York Stock Exchange, during the Fitbit initial public offering on Thursday, June 18, 2015. Fitbit is expected to release its fourth-quarter earnings on People participate in an exercise class, outside the New York Stock Exchange, during the Fitbit initial public offering on Thursday, June 18, 2015. Fitbit is expected to release its fourth-quarter earnings on](https://c8.alamy.com/comp/2EWX8RW/people-participate-in-an-exercise-class-outside-the-new-york-stock-exchange-during-the-fitbit-initial-public-offering-on-thursday-june-18-2015-fitbit-is-expected-to-release-its-fourth-quarter-earnings-on-february-22-2017-after-the-closing-bell-photo-by-richard-b-levine-please-use-credit-from-credit-field-2EWX8RW.jpg)
People participate in an exercise class, outside the New York Stock Exchange, during the Fitbit initial public offering on Thursday, June 18, 2015. Fitbit is expected to release its fourth-quarter earnings on
![James Park (C), Fitbit CEO, show off his FitBit with company members and co-founder and CTO Erid Friedman (5th L) before ringing the opening bell on the day of the company's IPO James Park (C), Fitbit CEO, show off his FitBit with company members and co-founder and CTO Erid Friedman (5th L) before ringing the opening bell on the day of the company's IPO](https://c8.alamy.com/comp/2CWRKFR/james-park-c-fitbit-ceo-show-off-his-fitbit-with-company-members-and-co-founder-and-cto-erid-friedman-5th-l-before-ringing-the-opening-bell-on-the-day-of-the-companys-ipo-above-the-floor-of-the-new-york-stock-exchange-june-18-2015-shares-of-fitbit-inc-the-maker-of-popular-wearable-fitness-tracking-devices-ran-up-as-much-as-60-percent-in-their-debut-valuing-the-company-at-up-to-65-billion-reuterslucas-jackson-2CWRKFR.jpg)
James Park (C), Fitbit CEO, show off his FitBit with company members and co-founder and CTO Erid Friedman (5th L) before ringing the opening bell on the day of the company's IPO
![Here's why Fitbit dropped below IPO price and has lost more than a third of its value in a week - Silicon Valley Business Journal Here's why Fitbit dropped below IPO price and has lost more than a third of its value in a week - Silicon Valley Business Journal](http://media.bizj.us/view/img/8195972/fitbit-blaze*1200xx1012-569-0-95.jpg)