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Google Buys Fitbit for $2.1B

cnbc.com

361–370 of 784 posts

Re: Google Buys Fitbit for $2.1B

#361
RIP FitBit. Google bought you, which means that a good lineup of products will be killed or infected with buggy, slow, limited and unimaginative software from Google. Prepare to reboot your Fitbits daily. Maybe those always on displays can display Coke or Pepsi ad or two while you are jogging and figure out that you are dehydrated and out of the water, as ad-tech is the only thing that works in the whole Google empire.

At least there is Xiaomi.

Re: Google Buys Fitbit for $2.1B

#362

Earlier quoted context omitted.

"YouTube is still not profitable." Are you sure? https://www.businessofapps.com/data/youtube-statistics/#6

Revenue is not profit. If you search around, analysts mostly suspect YouTube is either not profitable or only slightly profitable.

Google isn't in it for just the money. They want to control our thinking as well, and given the kind of censorship that is happening on YouTube, if it is operating at a loss, they may not mind because it has other less tangible benefits.

Re: Google Buys Fitbit for $2.1B

#363

Garmin and Apple have the fitness market covered. Fitbit never had the hardcore fitness market Garmin executed into and Apple has always had a product that works well across the wearable and fitness. Between these two companies I can't imagine there's much of a niche Fitbit does better. On the extreme hardcore triathlon user even Garmin has taken a lot of market from Suunto and the like. I've owned a handful of Garmi…

Fibit should fit perfectly into the 99$ market for a zillion people that just want to track steps and sleep cycles.

Your phone can already track steps and sleep. You don't need an extra device.

Re: Google Buys Fitbit for $2.1B

#364

John Gruber^H^H^H^H^H^H^H^H^H^H^H Dan Lyons^H^H^H^H^H^H^H^H^H Steve Ballmer had another colourful analogy, he used it in response to companies claiming that a merger would create a powerhouse to challenge the market leader: "It’s like taking the two guys who finished second and third in a 100-yard dash and tying their legs together and asking for a rematch, believing that now they’ll run faster." (Thanks to "raldi" f…

I don't see how this analogy is apropos. Here's another analogy that works the other way: Adding an extra tube to a single-tube tunnel improves the efficiency of the tunnel greatly. Why is the runner analogy better than this one?

Re: Google Buys Fitbit for $2.1B

#365

Earlier quoted context omitted.

Google has a long and successful history of acquisitions, as also a long history of lack of direction and headless actions even in their youth days. It's probably just natural for a company with too much money to invest that way.

What long and successful history? The only one that I can think of that was a definite success is Android. Their only notable hardware acquisitions that I can think of were Motorola which was a disaster, Nest which is barely muddling along, and the semi-acquisition of HTC’s hardware team that made the Pixel. While the Pixel may be a great phone, it isn’t taking the world by storm

Android comes to mind...

Re: Google Buys Fitbit for $2.1B

#366
post #46

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...

Vic headed up the Google+ effort, killed Reader, and probably isn't the best example of Google leadership to quote.

Re: Google Buys Fitbit for $2.1B

#367
post #328

John Gruber^H^H^H^H^H^H^H^H^H^H^H Dan Lyons^H^H^H^H^H^H^H^H^H Steve Ballmer had another colourful analogy, he used it in response to companies claiming that a merger would create a powerhouse to challenge the market leader: "It’s like taking the two guys who finished second and third in a 100-yard dash and tying their legs together and asking for a rematch, believing that now they’ll run faster." (Thanks to "raldi" f…

“Argument by analogy is very powerful and utterly fallacious” — my high-school Theory Of Knowledge teacher (Mr Dawson you’re the best) That said, I’m really not enthused by this under either the business (relevant case history: Nest) or privacy perspective.

A common antipattern here in HN comments is someone using an analogy (which is almost always bad), and then the responses devolving into arguing over how the analogy isn't correct.

I honestly think a "no analogies" rule for commenting would do more to facilitate good discussion than the existing "no jokes" rule. Analogies are almost never useful. Even the ancient Greeks realized this.

Re: Google Buys Fitbit for $2.1B

#368
post #39

Earlier quoted context omitted.

I'm joking, I love my pebble. Just sad to see the company who should support them begin to die.

Have they every supported it? My experience with them has been pretty bad. Software is closed, no replacement parts, fewer features than marketed ("It has a microphone" -> you can never get that data, only the text from their TTS service) ... Luckily the software part is changing with Rebble. But I don't see how anything will change for customers.

To be fair to Fitbit, they left the Pebble servers up for something like an extra year at the request of Rebble's developers, who said they needed more time.

They also recently helped get the Pebble app back in the iOS App Store after it was delisted a few months ago for some reason. That was pretty critical given the nature of iOS.

Pebble was reportedly more or less about to run out of cash on their own, so against that alternative I'd say Fitbit has been decently helpful.

Re: Google Buys Fitbit for $2.1B

#369

John Gruber^H^H^H^H^H^H^H^H^H^H^H Dan Lyons^H^H^H^H^H^H^H^H^H Steve Ballmer had another colourful analogy, he used it in response to companies claiming that a merger would create a powerhouse to challenge the market leader: "It’s like taking the two guys who finished second and third in a 100-yard dash and tying their legs together and asking for a rematch, believing that now they’ll run faster." (Thanks to "raldi" f…

I had to google for what "^H" meant.

Found an interesting answer and backstory: http://answers.google.com/answers/threadview/id/386870.html

Re: Google Buys Fitbit for $2.1B

#370
post #29

Reminder for anyone who used a Pebble: Your data will have been sold to FitBit and so Google now gets it. Yay!

There's not much data in there and it's probably not worth even worth importing given that Fitbit data is 1000x larger at least.
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