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https://news.yahoo.com/google-acquiring-fitbit-130619853.htm... "Google has struggled to make much of a dent in the wearables category..." "Fitbit, meanwhile, has had issues maintaining growth in recent years." Failure + failure = success?
- * - = + ... I don't know dude. The math checks out.
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Isn't selling your company with the data the same as selling your data?
It's true Google doesn't sell your data: they just rent it out a bit.
But I too am not sure what the right way to describe it is. I guess you could say they use your data in the product that they sell.
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Thanks, attribution fixed. Now that we've got that sorted, what do you think of the analogy with respect to this deal? Does it—cough—fit?
Oops, turns out Lyons was just quoting Steve Ballmer: http://web.archive.org/web/20080206081701/https://fakesteve....
The usual algorithm is to follow the attributions until you reach Samuel Clemons, Benjamin Franklin, Confucius, or Laozi. They are said to have said everything.
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Fibit should fit perfectly into the 99$ market for a zillion people that just want to track steps and sleep cycles.
You have 10$ chinese brand-able devices for that: https://rbaron.net/blog/2018/05/27/Hacking-a-cheap-fitness-t...
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And why wouldn’t they just buy a $199 Apple Watch Series 3? How many people are both into fitness and do price conscience that they won’t spend an extra $100. Well, they could cater to the Android market.
If you have an Android, or even want the option of an Android in the future. I wish Apple would want some of their stuff cross-platform - I don't like the all or nothing nature of the Apple ecosystem (I consider 'exclusives' to be anti-consumer in general).
Vic Gundotra (VP Google) said back when Microsoft bought Nokia that "two turkeys don't make an eagle". Google officially has become the Microosft of the mid 2000s. Lack of direction and innovation, buying up companies just for the sake of it. Here is a link to Google's anology: https://www.techspot.com/news/42338-google-attacks-nokia-and...
Extending their brand into consumer products + their 'home portfolio' is actually a strong 'vision' not lack thereof.
I suggest however, that their phone, home etc. might well be done under a separate brand, while still under the Google umbrella.
Eventually, all startups will be acquired into the FAANG companies, no matter whatever their "mission statement" is, just like Matryoshka dolls. Pebble -> Fitbit -> Google. I am sure there are more examples.
>Eventually, all startups will be acquired into the FAANG companies, That fatalistic sentiment is often repeated but it's not inevitable that all startups will be acquired by bigger companies. The missing gap in that thinking is that people forget that the startup's founders have free will and must willingly agree to being acquired. I made previous comments about this with examples: https://news.ycombinator.com/item?…
And here I was considering getting fitbit... Could anyone suggest an alternative? I really have no trust that google will keep promise not to use the data. edit: thanks all, I have too look into it all back home.
The buyout price is unacceptable, expect FIT shareholders to oppose the deal. Basically everyone who has been holding FIT more than two years will take a loss with this deal. IPO price was $20 in 2015.