|Jan 13, 2014, 03:19 PM||#1|
Google Acquiring Tony Fadell-Founded Nest for $3.2 Billion
Google is acquiring Nest, the smart-home appliance maker that is behind the Nest Thermostat and the Nest Protect smoke detector, for a reported $3.2 billion in cash.
iPod co-creator Tony Fadell is the co-founder of the company alongside another former Apple employee, Matt Rogers. Nest tweeted that it will operate independent of Google.
Update: Nest has posted an article about what will happen to the company going forward, and perhaps most importantly, addressing what customer data will be shared with Google:
Article Link: Google Acquiring Tony Fadell-Founded Nest for $3.2 Billion
|Jan 13, 2014, 03:20 PM||#8|
Almost bought one of these.....
Then I found out that they couldn't switch 230VAC. Kind of eliminates most of the combi boiler systems in the Uk at least?
MP1,1. 30"ACD. 11GB
|Jan 13, 2014, 03:21 PM||#10|
so how long till your smoke detector is trying to sell you fire insurance...
rMBP Mid-2012 2.7/16/512, Thunderbolt Display, Iphone 5 64gig, IPAD 4th gen 64gig WiFi, IPAD mini Retina 128gig LTE 4x Apple-Tv 3rd Gen
|Jan 13, 2014, 03:21 PM||#13|
Now Google can run stats on home temperature settings.
I swear they're only a couple steps away from taking over the world.
13" MBP, 2.26 GHz, 8GB; 80GB iPod Classic; iPhone 5S
|Jan 13, 2014, 03:23 PM||#20|
wow, I sure am glad I never bought into anything from Nest yet. I had planned to, but now I would need to create a Google+ account to change the temperature in my house.
27" iMac | 17" MacBook Pro | iPhone ⁵ˢ | iPad Air | iPad mini ᴿᴱᵀᴵᴺᴬ | Time Capsule 3ᵀᴮ | AirPort Extreme | AirPort Express | Apple TV
|Jan 13, 2014, 03:24 PM||#22|
I think the products are pretty cool… but $3.2B in cash??? Wow!
Congratulations to those guys for cashing in to what is seemingly the max. Makes me want to go out and build a wifi-enabled trash can or paper towel rack.
I can't believe how much money will change hands in silicon valley for what seems to be relatively niche-y products. Again, not putting down THESE products or THESE guys- just stunned that a company would pay that much.
Last edited by HobeSoundDarryl; Jan 13, 2014 at 09:33 PM.
|Jan 13, 2014, 03:24 PM||#23|
i don't understand how these companies, worth billions at purchase, would ever profitable by creating very expensive gadgets supposed to replace cheap products
one can find a thermostat for less than $50 and a smoke detector for $10
the potential value of geek customers would never match this amount
|Jan 13, 2014, 03:25 PM||#25|
But with Google buying Nest - does this mean Google will know when we're at home? Or will they / could they use that data for marketing purposes? I hope we get some clear answers to those questions.
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