Google's Business Plan For Nest: Selling Your Data To Utility Companies 167
jfruh (300774) writes "Google spent $3.2 billion on Nest. How is it going to make its money back selling high-end electronic thermostats at $250 a pop? Well, keep in mind that Google is a company that makes its money off information, not hardware. In fact, Nest is developing a healthy revenue stream in which it sells aggregated user information to utility companies, to help them more efficiently plan their electricity-generation scheduling. The subscriptions net Google somewhere in the range of $40 per user per year."
If Google did Clippy... (Score:5, Funny)
It appears you are running a marijuana grow op. Do you want to:
( ) Hire an attorney
( ) Locate nearby vendors of weapons and security systems
( ) Find out about hydroponic equipment and cultivation techniques
Re:But they already bill me (Score:4, Funny)
I keep my roadkill collection at 30 below in a well-insulated laboratory freezer. It's far more efficient (and the pot likes temps above 55).