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Google Buys Fitbit for $2.1B

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Re: Google Buys Fitbit for $2.1B

#311
post #214

Earlier quoted context omitted.

The Apple Watch Series 3 with cellular is $329. How much cheaper can you get a smart watch with cellular, gps, health sensors, etc?

Yeah but you really need to buy the IPhone to go with it.

A cheap beat up iPhone SE fulfills this requirement for $75.

If you're leaving it at home anyways it doesn't need to be pretty or fast. Just needs to allow you to set up the Apple Watch.

Re: Google Buys Fitbit for $2.1B

#313
post #305

Earlier quoted context omitted.

> I mean, it could have been that simple: #2 could have just entirely liquidated #3 and taken over their brands, marques, and physical assets like buildings, without retaining a single employee or officer of #3 Oh my goodness. So, they would have bought this existing large multinational, with a huge existing client list, base of installed product, all sorts of SLAs and support contracts, all sorts of infrastructure f…

> all sorts of SLAs and support contracts, all sorts of infrastructure for supporting all of that, etc We're talking about different verticals, here. Product businesses can get away with this. Service businesses probably can't. Even in service industries, though, there's a simple hack: when #2 acquires #3, they keep #3 running for a few months, but they make #3 push a change to the SLA, where service provided by #2 i…

"Simple hack"s may work in "tech". I am becoming increasingly convinced that the people that brought us WeWork and Juicero do not believe themselves to be operating under the same rules as the rest of the world.

When we're talking heavy industry, for example, those support contracts are typically negotiated on an individual basis, and you don't just "push an SLA"; you wait for contract renegotiation to come up in, say, 5-10 years, and then you get a chance to alter the terms of the agreement. Which is a process that will typically involve weeks or months of negotiations, with heavy involvement from the legal and financial folks from both parties.

Re: Google Buys Fitbit for $2.1B

#315

Earlier quoted context omitted.

> YouTube is hemorraging red ink Citation please. Everything I've seen is a mix of "breaking even", "still unprofitable", and "adding billions to their bottom line". I.e. nobody really knows because Google doesn't break out YouTube financials. In any case, I still think calling the largest, most successful video serving site on the web "not successful" is laughable.

Do you consider Uber “successful” even if their not profitable?

I guess it depends on how you define success. If I made a company was used by the entire world at some point, I'd probably be pretty proud and consider it a success even if it failed.

My second point would be to say, is a business only successful if it always makes profits? How many years does it need to be in business to be a success? If I made a company that has a good run for 20 years then tanked, was it a success. Does it need to be run by my grandkids before it's a success?

Re: Google Buys Fitbit for $2.1B

#316

Apple would be fools to not offer Android support on the Apple watch on the back of this news... But they are so concerned about ecosystem lock in they might not. There are now officially no stylish or social alternatives to Google or Apple wearables. I'm sorry, but Garmin is just not style focused and one of the benefits of fitbit is the social aspect of challenging your friends. This is a huge blow to wearables.

Garmin does sell style focused models such as the Vivomove and Vivoactive series. They also provide social challenges through Garmin Connect.

Re: Google Buys Fitbit for $2.1B

#318
post #305

Earlier quoted context omitted.

> I mean, it could have been that simple: #2 could have just entirely liquidated #3 and taken over their brands, marques, and physical assets like buildings, without retaining a single employee or officer of #3 Oh my goodness. So, they would have bought this existing large multinational, with a huge existing client list, base of installed product, all sorts of SLAs and support contracts, all sorts of infrastructure f…

> all sorts of SLAs and support contracts, all sorts of infrastructure for supporting all of that, etc We're talking about different verticals, here. Product businesses can get away with this. Service businesses probably can't. Even in service industries, though, there's a simple hack: when #2 acquires #3, they keep #3 running for a few months, but they make #3 push a change to the SLA, where service provided by #2 i…

[deleted]

Re: Google Buys Fitbit for $2.1B

#319
post #252

Changes of control typically trigger a suite of investor and creditor protections. I'm beginning to favor a similar set of rights for consumers. Right to deletion would be one. Heightened portability requirements another.

An interesting idea but the reason investors + creditors can get these is because they have leverage and can negotiate for them. They are not always able to secure them. Consumers currently have no such leverage. The best avenue to this kind of leverage is probably legal?

We’re in a new era— these things need to be legislated.
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