The U.S. Consumer Product Safety Commission (CPSC) ordered Google-owned Fitbit to pay more than $12 million and comply with certain undertakings to settle allegations the company knowingly failed to report a serious burning hazard with its Ionic smartwatches.

Oscar Gonzalez is a freelance writer and editor who covers tech, misinformation, business, and the stock market. He's written for Gizmodo, CNET, TheStreet, CBS, and NBC. Email: oscar.gonzalez@complianceweek.com LinkedIn:...