Google acquires Nest's line of home automation products for $3.2 billion, pledges continued support

[Poke]

Hmm might get one of those Nest for the house.

http://www.engadget.com/2014/01/13/google-acquires-nest/

 

[Foxbat]

Picked up my first Nest Protect today for the hallway outside the bedrooms, I should have the kitchen unit in a week or so. I posted in the Nest Thermostat thread.

 

[John Kotches]

How did Nest become so valuable so quickly?

 

[mike123abc]

How did Nest become so valuable so quickly?

Because Google has a lot of money?

 

[Foxbat]

How did Nest become so valuable so quickly?

I think because they cater to the Apple crowd (you know, more money than common sense) who will pay $250 for a programmable thermostat to save $10/year compared to a "dumb" programmable thermostat that you can pick up at Home Depot/Lowes for $35.99.

Nest has neat features, but I'd be hard-pressed to cost justify it strictly by the numbers. But there are enough Leo Leportes in the world that want the latest, neatest thing.