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Google’s Nest acquisition was more disastrous than we thought

On paper, Google’s 2014 acquisition of Nest had all the makings of a perfect marriage. Nest at the time was riding high on the popularity of its Nest Thermostat and was led by Tony Fadell, a former Apple executive credited with dreaming the iPod into existence. Google, meanwhile, was a gargantuan company with the requisite resources to help take Nest to the next level. At the time, it was widely believed that Nest’s Learning Thermostat and smart smoke detector were just the beginning of what promised to be a long line of ingenious products for the home. In reality, Google’s marriage to Nest was nothing short of a disaster, ultimately culminating with Fadell recently announcing his plan to step down as the CEO of Nest. Over the past two months or so, we’ve seen a growing number of reports paint a grim picture of what life was like at Nest, from stereotypical corporate in-fighting to reports that engineers were extremely frustrated by Fadell’s managerial style. DON’T MISS:  T-Mobile is giving away tons of free stuff, here’s how to get it With Fadell’s now out the door, we’ve seen seen even more reports detailing what went wrong at Nest. Suffice it

Quoted from Google’s Nest acquisition was more disastrous than we thought on Gadgets News Headlines – Yahoo! News

Google's C-suite has a lot of money, and it enjoys spending it. Since its IPO 10 years ago, Google has spent at least $23 billion buying 145 panies, according to FactSet. Of all those deals Alphabet Inc. is a holding pany that gives ambitious projects the resources, freedom, and focus to make their ideas happen — and will be the parent pany of Google, Nest, and other ventures. Correction appended, April 21. In late October John Hanke and several of his co-workers met for a reunion of sorts at Fiesta Del Mar, a Mexican restaurant near Google’s Mountain View headquarters. Tags: google, perfected, silicon, valley, Amazon won't sell Nest products Amazon decided not to sell any of the ner products from Google's smart home division . Amazon currently sells a limited number of products, but those will disappear from the site after Traffic costs as a percent of advertising revenue came in at 23 percent, matching analyst estimates and falling right in line with previous quarters.

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