There is an application for these devices if they are implemented securely:
Adults with dementia or significant cognitive decline who wander and get lost.
Adults with dementia or significant cognitive decline who wander and get lost.
There can still be security issues in this situation, but if enough people use it and hack on it, they have a better chance of getting fixed quickly.
The trouble is, this type of setup is a nightmare to implement. Home routers today still make this incredibly difficult. Most people would just get frustrated and prefer something that has a central server, with closed source garbage, that seems to do everything for you.
Plus there's more money to be made if you can collect all that customer data.
I am saying insecure in the sense that there is no doubt that the Chinese government has access to whatever data in TikTok they want. I am admittedly out of my depth on detailed discussions about security but I believe this is basically the situation in China. Maybe you could argue that it is effectively the same in the United States but I'm not sure.
Whether such services would be perverted by the Chinese government is a whole other discussion of course.
However, I don't think anyone but the most rabid sinophobe would accuse the Chinese government of wanting to abduct our children.
Lifestock you can typically afford to lose a couple of.
For livestock to be a viable market, the monthly subscription would have to go down substantially. In the US, your large market segments are poultry, pork, and cattle. Chickens just aren't worth enough. Hogs are $75-150 live (with thin profit margins) and are a pain to catch, though I'm not familiar with escape rates in commercial operations. Cattle are worth 10x that and do escape occasionally, but they're not terribly difficult to find nor catch.
Perhaps there's a market for tracking hogs for small farms and cattle for commercial grazing operations, but I'd be surprised if tech could do much to disrupt the existing low-cost solution: ear tagging and a phone call when your neighbors/police find a cow on the road.