Google's Nest to buy Dropcam for $555M


Google's (GOOG) Nest Labs agrees to buy video monitoring and security startup Dropcam for $555M, in a push to become the dominant operating system for connected devices in and around the home.

Nest, which makes smart thermostat and smoke alarms, will work with Dropcam to "reinvent products that will help shape the future of the conscious home," Nest's Matt Rogers says.

The acquisition may stir concerns about privacy, but Rogers says Dropcam will come under Nest's privacy policy, which means data from the monitoring service won't be shared with GOOG or any other company without a customer's permission.

Nest was bought by GOOG earlier this year for $3.2B.

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Comments (7)
  • Deja Vu
    , contributor
    Comments (1805) | Send Message
     
    Companies with solutions looking for problems creating problems for which we will need solutions.
    20 Jun 2014, 10:22 PM Reply Like
  • PeteCal
    , contributor
    Comments (90) | Send Message
     
    The same business model the drug companies use.
    Works for them!
    23 Jun 2014, 09:01 AM Reply Like
  • aaronthrash
    , contributor
    Comments (3) | Send Message
     
    It's called the problem, reaction, solution dialectic. They create the problems, the people react, and then they provide the solutions.
    24 Jun 2014, 04:23 AM Reply Like
  • TimmiesRegular
    , contributor
    Comments (4587) | Send Message
     
    And no one is interested that the default setting won't prevent this - "data from the monitoring service won't be shared with GOOG or any other company without a customer's permission."
    20 Jun 2014, 10:27 PM Reply Like
  • Matt-Man
    , contributor
    Comments (976) | Send Message
     
    Overpaying is normal in hype situations. Dropcam or Nest are so far way from revenues of their valuations.

     

    Surely homeautomation will be big in future, but does dropcam really have something to retain the valuation?

     

    Situation seems more like scared teens buying based on names

     

    long in GOOG and AAPL
    21 Jun 2014, 12:07 AM Reply Like
  • agaptrader
    , contributor
    Comments (66) | Send Message
     
    Google is another stock with a lot of possibilities as it has ventured into everything now. THe area of 540 has held well and above 560 is a good swing opportunity.
    Looks good here - http://agaptrader.com
    21 Jun 2014, 02:25 PM Reply Like
  • Yesterdays_news
    , contributor
    Comments (2084) | Send Message
     
    There are a zillion of these camera companies. I personally like Sharx and Y-cam. I think they once again spent WAY too much money for a start- up! They now have a matching set of over priced book-ends.

     

    The most important point with all these home monitoring gadgets is they all end up going through the iPhone. Look at all the major home monitor companies and see how many times the iPhone product integration is mentioned on their pages. And most the the people buying this new technology for their homes are rich and use iPhones.
    Apple pretty much controls this sector by default, even though they have not yet invested a lot in it.
    22 Jun 2014, 01:32 PM Reply Like
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