Fitbit Has Lost Its Credibility After Its Earnings Report , According to Jim Cramer

Jim Cramer says Fitbit  (FIT) - Get Report has lost its credibility after its latest quarterly results and outlook for the holiday season were both well below Wall Street expectations. Cramer interviewed Fitbit CEO James Park in early October, and he had told him that sales were strong. Cramer says he doesn't think Park has good financial controls of his own company, because he wouldn't have said that. Cramer added "life's too short, I'm just not going to be involved in Fitbit, because there's just no credibility."