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Google Buys Fitbit for $2.1B

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Re: Google Buys Fitbit for $2.1B

#501

Earlier quoted context omitted.

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.

"You're painting analogies with an awfully broad brush." ---- "Painting with a broad brush" probably began as an analogy, but once enough people use it, it becomes an idiom . If understanding is shared between speaker/writer and listener/reader, idioms are a useful shorthand for sharing some commonly understood argument. So useful, in fact, that people often forget what the original analogy was. For example, the verb…

"Painting with a broad brush" is not an idiom, since it's meaning is deducible from its content, not only its contex. It's a metaphor (literally false as written, but calls to mind an analogy with truth -- both the comment and broad brushes apply the same thing to many targets without any careful differentiation)

http://learnersdictionary.com/qa/Idioms-metaphors-similes-an....

Re: Google Buys Fitbit for $2.1B

#502

Earlier quoted context omitted.

the Motorola acquisition wasn't a disaster. It's just that many didn't understand Google' intent with Motorola. Google tried to take a stake in Nortel's patent bid, as the wireless patent war started heating up in 2011, but it eventually bailed out. Google instead went after Moto's patent portfolio. It bought the entire company, which came with $3B free cash and tax credit, and stripped off unnecessary assets it didn…

> All in all, Google ended up paying less than $4B for what they had previously valued at $5B. A month ago WeWork was valued several times higher than it is today. It doesn't matter if you got a good deal on paper - what matters is if you got a good deal.

So thst begs the question, did Google make enough from licensing the patents or save enough on licensing from a potential competitor or getting sued?

Re: Google Buys Fitbit for $2.1B

#503
post #148

Earlier quoted context omitted.

A large established and (based on personal connections) loyal fan base is a failure? Growth is not everything. Growth isn’t even really sustainable over a long enough time span, and Fitbit’s been around awhile.

Not so loyal, also based on personal anecdotes: wife and me both had to have our fitbits replaced and with mine dead again, I'm looking at everything except Fitbit. Scouring forums full of people with bizarre problems with their devices (usually connection related tho that might be only a symptom), I get the impression I'm not an outlier. Fitbit built up a huge fan base but looks to me like it is now in the process o…

So strange, I've had to replace the band but the product itself is solid.

Re: Google Buys Fitbit for $2.1B

#504
post #445

Earlier quoted context omitted.

> as in, Google didn't buy you just for the team 2.1B isn't an acquihire. They want the customers, the team, and the manufacturing chain at the very least.

You missed "Data"

I mean, it's implied in "customers" but yeah, they want the data obviously

Re: Google Buys Fitbit for $2.1B

#506
post #375

Earlier quoted context omitted.

i rounded down, it was actually 1.5 years, but the stories i have are downright comical and belong in the silicon valley HBO show

if it isn't too much effort, can you briefly jot down a few of your favorite ones? Just like, I bet, quite a few other people here, I am actually very curious to hear some of those.

sure here's a comical one:

we were a healthcare company so HIPAA was very prevalent, and so that entailed a locked office which further included either taking your laptop home, or locking it up in a drawer. there were plenty of people who would just leave the laptop on their desks when leaving to go home due to the fact that the office was locked; one day I come into the office and am met with a bunch of coworkers telling me that the CTO came in early today and found that the door was open and all of the laptops people had left lying around were outside in the hallway, stacked. nothing was stolen, but clearly someone had broken in. it made zero sense, and a different coworker said that she felt unsafe and that we should call the police. the CTO immediately said that that was unnecessary and that we should just be more cautious. a few hours later we found out that this was all a ploy/lesson to teach us to lock our laptops away, and that the CTO was the one that stacked them up outside. he was later asking whether he should resign because of this embarrassment. real michael scott shit.

a non comical one:

we needed to build a viable infrastructure and one of our smart engineers found that we could use a hipaa compliant service (aptible) as a fast way, and spend a bit more. however the ancient dudes wanted us to hire some third party consultancy to build out some crazy complicated AWS stack, and unfortunately that was what we ended up doing because hierarchy. the project was being led by a person who wasnt an engineer, and surprise surprise, we were also locked into some crazy contract where regardless of the work they did, we still had to pay them an insane amount of money per month. the project dragged and dragged, and ultimately didnt work out. we had some half assed/half done AWS stack that no one knew how to deal with so NOW we had to hire an infrastructure dude to finish/manage it inhouse. so we hire this "hotshot" who turned out to be literally a money dump as well, and would show up to work about 45% of the time. no one knew what he did. it took him like 7 months to get that other project to SOMEWHAT work. he was getting paid i think like 200k to sit around and really do absolutely nothing. i was also convinced he was addicted to drugs on the side based on his manners when he actually managed to show up to work. by the time i had left, that AWS project was still incomplete and im positive that anyone with half a brain/aws experience could have built that stack in a month and a half.

and then of course there was the day to day of trying to get information from the acquiring company's employees and trying to cut the red tape of actually getting shit done, but they were very clearly used to bureaucracy type of work environment where every decision took ages, and some people were offended by the most minor things when we attempted to speed things along.

Re: Google Buys Fitbit for $2.1B

#507

Earlier quoted context omitted.

By keeping its competitors utterly uncompetitive. There remains no good alternative to Google's maps for consumers. Waze would have jumpstarted a competitor's mapping efforts. For stupid acquisitions, look no further than everything Andy Rubin bought, from Motorola to robotics companies.

Nokia Here maps and Apple Maps is larger than Google Maps on iOS.

Apple Maps is so bad that people go out of their way to install another map app even though the OS does not let them properly use the other app as a default.

Nokia Maps pre-existed Waze and wouldn't have benefited from purchasing it.

Re: Google Buys Fitbit for $2.1B

#508
post #31

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?

https://www.seinfeldscripts.com/TheSummerofGeorge.htm

George: [Laughs] Relationship intern...hey, what if two of us teamed up?

...

George: I've tried. We don't have it. But maybe the two of us, working together at full capacity, could do the job of one normal man.

Jerry: Then each of us would only have be like a half man. That sounds about right!

https://www.youtube.com/watch?v=8HggAV7V6Wg

Re: Google Buys Fitbit for $2.1B

#509
post #17

I loved Fitbit for many years, especially for its strong privacy stance. If my data becomes part of Google's surveillance economy, I will be greatly disappointed.

Alas, Fitbit data has just become part of Google's surveillance economy.

..and well on its way to "It's been a great journey".

Re: Google Buys Fitbit for $2.1B

#510

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…

Which one gives you the most achievements? I'm a simple man who just wants achievements. Fitbit has some weak ass achievements.
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