Google buys Nest Labs, maker of smart thermostat, for $3.2 billion [u]

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  • Reply 61 of 337
    hmurchisonhmurchison Posts: 12,461member
    Quote:

    Originally Posted by mdriftmeyer View Post



    You are out of your effin' minds if you think Nest is worth $3.2 Billion. That's a joke and Google is willing to dump tons down the drain knowing with an inflated stock price now is the time to strike on such frivolous buys.



    Holy crap folks! Wake up.



    AT&T, Verizon, GE, CenturyLink, PG&E and others are going to own the Smart Home space in 3 years.



    Nest knows this or they wouldn't be shopping for a buyer.



    By the way: "We're thrilled to join Google," Fadell said in a prepared statement. "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."





    ============================



    Fadell was never core to Apple's success.

    Exactly  

     

    ADT sends me a placard every single month about their HA/Security services.  I'm surprised AT&T isn't pounding down my door along with Comcast.   This field is going to rapidly heat up as the big companies align themselves.   Nest wasn't going to survive without offering Subscription Services and a lot more products.   Smart move from them was to sell. 

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  • Reply 62 of 337
    macxpressmacxpress Posts: 5,991member

    I bet they'll be pulled from Apple Retail Stores soon....

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  • Reply 63 of 337
    gatorguygatorguy Posts: 24,748member
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  • Reply 64 of 337
    jungmarkjungmark Posts: 6,928member
    macxpress wrote: »
    Please explain to me why Apple would be interested in buying a company that makes thermostats and smoke detectors? What interest would Apple have in this? iStat? iSmoke?

    Because Apple needs to buy every company even if they aren't part of Apple's plans.

    Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"
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  • Reply 65 of 337
    Quote:

    Originally Posted by jungmark View Post



    Because Apple needs to buy every company even if they aren't part of Apple's plans.



    Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"

    A post full of ignorance. Do you seriously believe that?

     

    Heck, Apple should buy tripadvisor today and incorporate it on Maps, otherwise google will do it.

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  • Reply 66 of 337
    Quote:

    Originally Posted by hmurchison View Post

     

    Dwolla is the purchase you want if you're talking financial transactions. 


    Hmm… had never heard of Dwolla before. I checked them out, was impressed, and decided to create an account. Until it got to the point where they wanted my SSN.

     

    No way. Stopped right there.

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  • Reply 67 of 337
    Quote:

    Originally Posted by sog35 View Post

     

     

    Apple up 550% last 5 years

    Google up 315% last 5 years

     

    don't be a prisoner of the moment


    Look at last year or even the last 2 years stock performance.  Google stock return has trounced Apple over that time frame.  Don't be a prisoner of the past (or at least don't cherrypick without adding anything substantive to the discussion).

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  • Reply 68 of 337
    c4rlobc4rlob Posts: 277member
    Makes me think Google is more interested in Fadell for his hardware talent more than just Nest products. As long as Google doesn't plan on collecting Street Views of the inside of people's homes.
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  • Reply 69 of 337
    macxpressmacxpress Posts: 5,991member
    Quote:

    Originally Posted by pedromartins View Post

     

    A post full of ignorance. Do you seriously believe that?

     

    Heck, Apple should buy tripadvisor today and incorporate it on Maps, otherwise google will do it.


     

    Its called sarcasm...

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  • Reply 70 of 337
    Quote:

    Originally Posted by Tommy Wasabi View Post

     

    it's about energy data collected. I think Google is going to re-enter this market and see the energy consumption analytics - so they can sell you products based on how "green you are".

     

    There is a lot of good here for Google - hopefully they don't blow it. 


    This is only true if everyone owns one.

     

    That's a long ways away...

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  • Reply 71 of 337
    Quote:

    Originally Posted by Gatorguy View Post





    Yes, Fadell is moving to Google as is Matt Rogers according to their press release, but the way it's worded Nest itself will continue to be operated independently from Google.



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

     

    Like all buyouts of such magnitude, they will be contactually bound for a specific period, before they split.

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  • Reply 72 of 337
    Quote:

    Originally Posted by jungmark View Post





    Because Apple needs to buy every company even if they aren't part of Apple's plans.



    Now that Google bought Nest, they can track you in and out of the house. "I see you moved up that flight of stairs slowly, may I suggest a gym membership?"

     

    Hogwash. Google is overextending itself into seasoned industries that will crush them. They'll write this experiment off in 24 months.

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  • Reply 73 of 337

    It seems Google is going full speed into comprehensive home automation.  This is something that suits their strategy well.  They are completely content to support the services that make disparate hardware communicate seamlessly, even when they don't make the hardware.  This strategy is key for home automation since one company is unlikely to be the best at making every piece of hardware in the house.

     

    I wonder if Nest has useful patents or if they were acquired simply for their human capital.

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  • Reply 74 of 337
    I own a Nest thermostat and I love the product. I am really disappointed to hear that Google bought them. I feel like they were really disrupting the home automation space and were poised to be a great stand alone, entrepreneurial company. Now, you can bet that the Nest's focus will change and their products will start to suck. I hope Google and Nest prove me wrong.

    As far as other comments go - it would not have made sense for Apple to buy Nest, and I am not at all sure why Apple would want to buy Tesla. That is just insane.
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  • Reply 75 of 337
    Quote:

    Originally Posted by hmurchison View Post

     

    Exactly  

     

    ADT sends me a placard every single month about their HA/Security services.  I'm surprised AT&T isn't pounding down my door along with Comcast.   This field is going to rapidly heat up as the big companies align themselves.   Nest wasn't going to survive without offering Subscription Services and a lot more products.   Smart move from them was to sell. 


     

    AT&T finally showed its hands with the latest round of smart homes that it is testing in large markets presently. The Telcos will joint venture with the energy companies and get special structure with the PUDs to own the Smart Home.

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  • Reply 76 of 337
    hmurchisonhmurchison Posts: 12,461member
    Quote:

    Originally Posted by anantksundaram View Post

     

    Hmm… had never heard of Dwolla before. I checked them out, was impressed, and decided to create an account. Until it got to the point where they wanted my SSN.

     

    No way. Stopped right there.


    I don't remember them asking for a SSN.   Also didn't mean to poo poo Square.  Dwolla is a hidden gem because of it's fisync technology.   They going to get swallowed up by some larger outfit just like ebay acquiring Braintree (financial backend company). 

     

    One thing you can say about these acquisitions. In a decade we'll look back and laugh at how byzantine our daily tasks were back in old 2014

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  • Reply 77 of 337
    hmurchisonhmurchison Posts: 12,461member

    I wonder if Google with do anything with Nest property myenergy.com 

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  • Reply 78 of 337
    gatorguygatorguy Posts: 24,748member
    AT&T finally showed its hands with the latest round of smart homes that it is testing in large markets presently. The Telcos will joint venture with the energy companies and get special structure with the PUDs to own the Smart Home.

    ATT would hardly be an improvement over Google if privacy is a huge concern to you. In fact I'd consider it a step backwards. Unlike Google ATT really does sell customer information.
    http://money.cnn.com/2011/11/01/technology/verizon_att_sprint_tmobile_privacy/
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  • Reply 79 of 337
    When I saw this I just groaned. Just got a Nest for Xmas and quite like it. Was going to get the smoke detector when v.2 comes out. Now not so sure. Apple keeps perfecting the phone and tablet while Google acquires the rest of the world. Depressing.
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  • Reply 80 of 337
    dasanman69dasanman69 Posts: 13,002member
    apple ][ wrote: »
    I agree, but for 3.2 Billion, I'd sell to the devil, which I guess is what happened in this case.

    Do no evil.

    Do no evil: take out the 'o no' and you're left with D evil.
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