In May 2016, Fitbit acquired a wearable payment platform from smart credit card company Coin. In June 2015, the company became a public company via an initial public offering, raising $732 million. On March 5, 2015, Fitbit acquired fitness coaching app developer Fitstar for $17.8 million. In January 2015, the company successfully defended against a trademark lawsuit from Fitbug. In October 2007, it changed its name to Fitbit, Inc. in San Francisco, California on Maby James Park ( CEO) and Eric Friedman ( CTO). The company was founded as Healthy Metrics Research, Inc.
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