Flawed Gizmos Try Again With Skeptical Users: Product Review
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Google's (GOOG) Nest Labs will buy home-monitoring camera startup Dropcam for about $555 million in cash, technology blog Re/code reported on Friday, taking another step deeper into consumers' homes.

Nest and Dropcam confirmed the acquisition in separate blog posts on Friday, but did not specify the price tag. Google declined to comment.

Google is increasingly expanding into new markets, with efforts ranging from high-speed Internet access to advanced research on self-driving cars and robotics.

It bought Nest, which makes smart thermostat and smoke alarms, this year for $3.2 billion, the Internet firm's second-largest ever acquisition.

The deal was touted as a foray into the fast-growing "smart" home automation market, at a time consumer appliances and Internet services are merging. But it also raised concerns about the privacy implications for Google, which already collects rafts of data about users' online habits.

Dropcam, which lets users monitor homes and offices via its camera hardware and software, will adopt Nest's privacy policy after the acquisition, the latter company said in its blog post. That means data will not be shared with any other firm, including Google, without a user's permission, it said.

Dropcam's backers include Kleiner Perkins Caufield & Byers, Accel Partners and Menlo Ventures.

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Google spyware?

June 21 2014 at 2:29 PM Report abuse rate up rate down Reply

And if some of us did not make several multiple posts you would realize how fewer people there were on these Internet sites. Sooner or later the facts of a declining middle class is going to catch up with the markets and all those really good looking numbers will turn ugly.

Really you don't need an economics degree to figure out 92 million not in the labor force is because there just is not enough jobs out there.

June 21 2014 at 1:20 PM Report abuse rate up rate down Reply
2 replies to Iselin007's comment

This site is especially bad for they use trolls and shills and nobody reads them for they are pure Wall St. propaganda and most Americans cannot even pay their credit cards.

This site is an ad for Wall St. it has nothing to do with news

June 21 2014 at 9:14 PM Report abuse rate up rate down Reply

Jobs are disappearing faster than species. And as the jobs are automated, the disposable labor army of unemployed is what is left in the wake. Waht will the ruling elite do with 'street dogs' who have no home and no job, let alone purpose. Can't let them herd in the streets, so lock them up in privatized detention centers or euthanize them is what the plan is

June 21 2014 at 9:16 PM Report abuse +1 rate up rate down Reply

Listen I have seen what these investments do. They make a wonderful experience if you can afford all the advancements in technology. Right now you got young adults living at home buying the smart phones driving around while they text their friends or serf the Internet. What the people don't have are good jobs because all or most of the jobs left the USA or were displaced by non immigrant visa workers. So for the few smart young people that own their own web site an make millions there are millions out there living in poverty.

June 21 2014 at 1:11 PM Report abuse rate up rate down Reply

I remember the last tech bubble. XP was going to save America but instead after the passage of the trade deals and Chinas acceptance into the WTO, the Windows 2000 Addition became the version used for training at the for profit schools, The schools were going to to go all out for nothing at the time because they wanted to maximize their profits and over produced Office Assistants even though they knew there were no jobs!

June 21 2014 at 1:02 PM Report abuse rate up rate down Reply
1 reply to Iselin007's comment

The problem is capitalism. A system that puts profits before people EVERYTIME

June 21 2014 at 9:17 PM Report abuse -1 rate up rate down Reply
1 reply to weilunion's comment

The problem is the greed in some mens hearts.

June 22 2014 at 12:24 AM Report abuse +2 rate up rate down

Why does Wall St think everybody is going to be on board with every technological investment. Certainly the US consumer is struggling just to keep their head above water in this poor economic climate.

Google has the right to to expand it's pressence and try different things but in the US right now anything that does not create jobs here for US citizens but only leads to more non immigrant visa workers and their country's nationals is going to cause riots.

June 21 2014 at 12:32 PM Report abuse rate up rate down Reply
1 reply to Iselin007's comment

The corporations have dumped Americans. First off, only 300 million of them plus change. Markets like China and India total 3.4 billion. Americans will never have work that is meaningful again and as they cannot consume without debt the country has been asset stripped and Americans abandoned.

We thought we were the best but the ruling elite knows where the money is to be made and it is not with obese, debt ridden Americans with no jobs

June 21 2014 at 9:13 PM Report abuse +2 rate up rate down Reply

If the NSA wants to watch what is going on in your house or business I'm sure they will have access to your cameras.

June 21 2014 at 9:27 AM Report abuse rate up rate down Reply
1 reply to John's comment

The NSA will haveto go in the woods to listen to all the homeless people who lost their jobs.

June 21 2014 at 12:47 PM Report abuse -1 rate up rate down Reply
1 reply to Iselin007's comment

They will put them in high tech detention camps. We are all becoming street dogs

June 21 2014 at 9:11 PM Report abuse -1 rate up rate down