WTH? Google just bought Nest Labs (makers of the Nest Thermostat)

[NFS4]

Don't know how I feel about this one...

MOUNTAIN VIEW, CA – JANUARY 13, 2014 — Google Inc. (NASDAQ: GOOG) announced today that it has entered into an agreement to buy Nest Labs, Inc. for $3.2 billion in cash.

Nest’s mission is to reinvent unloved but important devices in the home such as thermostats and smoke alarms. Since its launch in 2011, the Nest Learning Thermostat has been a consistent best seller--and the recently launched Protect (Smoke + CO Alarm) has had rave reviews.

Larry Page, CEO of Google, said: “Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family. They’re already delivering amazing products you can buy right now--thermostats that save energy and smoke/CO alarms that can help keep your family safe. We are excited to bring great experiences to more homes in more countries and fulfill their dreams!”

Tony Fadell, CEO of Nest, said: “We’re thrilled to join Google. With their support, Nest will be even better placed to build simple, thoughtful devices that make life easier at home, and that have a positive impact on the world.”

Nest will continue to operate under the leadership of Tony Fadell and with its own distinct brand identity. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the US. It is expected to close in the next few months.

About Google Inc.

Google is a global technology leader focused on improving the ways people connect with information. Google’s innovations in web search and advertising have made its website a top internet property and its brand one of the most recognized in the world.

https://investor.google.com/releases/2014/0113.html

 

[akahoovy]

Just perfecting how to mine info of when you're home or away and what you do with your temps. Google sees a way to make money, is all.

 

[kranky]

Just perfecting how to mine info of when you're home or away and what you do with your temps. Google sees a way to make money, is all.

I would agree. That way when you're checking gmail at work, you get ads like "Is your home protected when there's nobody there... like right now? XYZ Security Systems has the solution!"

 

[NFS4]

I would agree. That way when you're checking gmail at work, you get ads like "Is your home protected when there's nobody there... like right now? XYZ Security Systems has the solution!"

"Google Security, Please Identify Yourself!"

 

[Mixolydian]

And now they go down the tube. RIP Nest.

 

[jagec]

Google has really been overpaying for things recently.

 

[DaveSimmons]

G knows when you've been sleeping
G knows when you're awake
G knows when you've been bad or good
So be good for Google's sake

 

[Markbnj]

If your house is cold you'll start seeing ads for comforters and electric heaters when you surf.

 

[Puppies04]

Google really need to try and hide the fact that they want to know everything about you, where you are and what you like.

I guess they figure nobody gives enough of a crap to stop them.

 

[Nintendesert]

That Google leash just keeps going deeper and deeper up everyone's ass. Google is the real life version of Omnicorp or ACME Corp.

 

[Anubis]

how the F was nest worth 3.2 billion???

 

[Jodell88]

 

[Jodell88]

how the F was nest worth 3.2 billion???

Because it was founded by former Apple workers and thus is prone to over evaluation?

 

[spidey07]

how the F was nest worth 3.2 billion???

Because google just paid that for them.

 

[NFS4]

Tony Fadell interview:

http://www.theverge.com/2014/1/13/5305430/interview-tony-fadell-nest-google-acquisition

 

[Train]

To turn on the heat, you must first create a Google+ account.

 

[Nintendesert]

Think how great this will be, NEST knows when you come and go. Now Google does too. Oh yeah, this is going to be a great future we're headed into!

 

[spidey07]

To turn on the heat, you must first create a Google+ account.

And provide your address of said thermostat and link it to your Energy company account via Google. We promise not to collect usage or personal information, really, promise.

 

[rcpratt]

Love my Nest. Not going to be happy if/when their privacy policy and/or actual usage of the device changes.

 

[mmntech]

Google is watching
-your email
-your shopping habits
-your web searches
-your map searches
-the types of news you read
-you masturbate
-your social media posts
-your blog posts

And now the temperature of your house, and also when you usually go out.

 

[Jodell88]

NSA is watching
-your email
-your shopping habits
-your web searches
-your map searches
-the types of news you read
-you masturbate
-your social media posts
-your blog posts

And now the temperature of your house, and also when you usually go out.

FTFY :whiste:

 

[Hugo Drax]

There is only one reason why the overpaid so much for this company.

Read the book 1984 if you want the answer.

 

[Jeff7]

Good morning, Dave.

Would you like to try Amazon Prime for a year, Dave?

 

[Kadarin]

And of course the NSA/LEO will get the data. If it's consistently really hot in your house, you get a free visit from the DEA.

 

[xSauronx]

There is only one reason why the overpaid so much for this company.

Read the book 1984 if you want the answer.

telescreen: part 1?