"Our source said that Fitbit is now paying between $34 and $40 million for the company and is 'barely covering their debts.'"

After paying debt and preferred shareholders, I won't be surprised if the founders and employees see absolutely nothing (as in, absolutely $0), although employees will probably receive retention payouts.

Not selling to Citizen for 750M in 2015 was a hell of a mistake. I really would to be behind the rationale to say no to a deal like that, when the market was clearly seized by Apple and way richer competitors...