Google Buys Fitbit for $2.1B
cnbc.com
cnbc.com
Right to deletion would be one. Heightened portability requirements another.
Anyway, over here in continental Europe democracy mostly works. And when people complained about privacy issues for years and Facebook laughed in our faces we eventually got the GDPR. That's exactly the kind of "either get your shit together or we will legislate it" this thread is about.
The constitutional part is important too — it limits what people, and their representatives, can do even if they have a majority.
Similarly when electing the president people vote for a person who will vote for the president. While it is a weird system, in essence the leader is chosen by the people.
Calling only direct democracy a democracy would be weird, by that standard a country pretty much can't be democratic for purely practical reasons (though Switzerland comes close)
People like to say this all the time like it's clever, but being a republic does not preclude being democratic. The United States is a democracy.
No, but the particular form of the US republic does so in practice.
> The United States is a democracy.
The United States may have been built around an idea of representative democracy, but in function it is more of a plutocratic republic with quasi-democratic rituals.
"We're doing stand-ups and we use story points, we're agile"
You elect you president ; you elect your representatives to congress and senate at federal level ; you elect your representatives and governor at state level ; you elect your mayor and your city council at local level.
That's the definition of democracy.
I very much dislike neo-nazis, but I have to applaud the gentleman for at least understanding the simplest nature of his government and attempting to educate his countrymen.
recently nello.io was sold and this is the email i got.
we have good news, which we would like to share with you immediately! The journey of nello continues - we will join forces with the team of SCLAK. The new owner SCLAK will be the Italian supplier of smart home products. This fits perfectly to nello.
In order for you to be able to use your nello one in the future, there will be an update of the app shortly.
Since your data is particularly important to us, you will be asked to give your consent to the transfer of your customer data to SCLAK in the course of this update. The continued usability of your nello one can only be guaranteed with your consent. Without the data transfer, the functionality of your app will expire, which we would very much regret.
Here’s a quote from the NYT:
“You will always be in control of your data, and we will remain transparent about the data we collect and why,” Fitbit’s chief executive, James Park, said in an email to his company’s customers on Friday morning. “We never sell your personal information, and Fitbit health and wellness data will not be used for Google ads.”
A right to delete would mean something more like that the companies have no choice, e.g. that existing laws force them to delete your data from the service, whether they were willing to commit to offering that option or not.
As a B2B systems provider, we also have those for our customers.
If a B2C service provider does not provide these, then you can demand them or not sign up or both.
You may think you have a product but you don't. If your product survives (as in, Google didn't buy you just for the team), your product schedule will have to survive the interests of every other PA/team in Google.
- You think you have software to run your products? Ha. The Android team will have a different opinion.
- Even if you survive Android, Fuchsia probably thinks you belong on their paltform.
- Oh and while we're at it, let's integrate with OAuth2.0 so your device now needs a Google account to even work (and stops working when refresh tokens can't be used as happened to many Google wireless routers).
- Your software development is now set in stone as various teams work out how to migrate it to Google infrastructure and rewrite it in [language/framework du jour].
I actually agree with other commenters: Google just doesn't know what it's about anymore. It has no overriding vision. Larry just isn't the leader Google needs to be, which would be fine, except that he clearly wants to be.
Disclaimer: Xoogler.
I actually expect this more a reaction to Apple's pivot into health with the Apple Watch (people seem to forget the ex-Burberry CEO positioned the Apple Watch 1 as a luxury product--anyone remember the Apple Watch Edition for $10k?--health came later).
GCP is a good example. No search. No ads. No using of customer data. Just a desire for a really big potential revenue stream that builds on Google's expertise in managing huge numbers of servers and services.
There are a lot. And there have been more that were cancelled. As I said: Google-the-search-and-advertising-company is one of the most successful companies of our time. It's astonishingly hard to replicate that success, which is probably why we don't see Google other units with equivalent revenue. But it's really not for lack of trying.
Do you believe it to be mistaken? Or true, but not worth caring about?
We don’t share information that personally identifies you with advertisers, such as your name or email, unless you ask us to
And "unless you ask us to" is the default behavior of almost all google products. You have to ask them not to, sometimes under penalty of law (GDPR), before they actually change their behavior.
Targeted advertising is far from the only thing Google wants data for.
Its core business is selling products whose entire value would be negated if it sold the data behind them, so it really wouldn't sell the data.
On top of that, I think it's a mistake to say that they are buying Fitbit for data anyway. They are buying Fitbit for a toehold in the wearables market; while this probably has some data value, it's pretty clearly part of their effort to build up direct sales of consumer products as a revenue stream.
Facebook and Google want to collect your data and keep it. What they're selling is indirect access to you: the more information they have on you, the more precisely they can theoretically target advertising and content to you. Keeping the data they have on you to themselves is literally their business model.
Two points, though. First, of course, that's still essentially what's been dubbed "surveillance capitalism"; it's still something someone may be uncomfortable with for a variety of reasons. Your data is being indirectly monetized, but it's still being monetized, and you still have very limited insight into the extent of that data and how it's being used. Second, adtech isn't the business model of everyone who collects data -- and one could argue that the more businesses a data-collecting company is in, the more moral hazards pop up. How much data will Google give over to law enforcement when there's a warrant, for example? What if we see a Facebook Health initiative that allows medical providers and insurers selective access to what Facebook "knows" about you within the limits of regulations and the law? (Do you know what those limits are? I don't.)
I actually expect this more a reaction to Apple's pivot into health with the Apple Watch...
Expect what, privacy concerns? While I understand that, I'm not sure much health information collected by Apple devices ever leaves your "local ecosystem" (i.e., your personal set of devices). Also, the Apple Watch Edition notwithstanding, I'm not sure I'd say its original incarnation was positioned as a luxury product -- yes, you could pay $10,000+ for it if you wanted to, but it still started at $349. But it was certainly positioned as a fashion product at its introduction, which they've dialed way back on since.
For example in the utopic vision of anarchy, there are no authorities and everyone must find their own path in the world. The flip side of having no decisions made for you is that you must make all of your own decisions. Or in democracy, since anyone and everyone has the exact same power over decisions, all the really important decisions are made in the most mediocre way possible. In Capitalism, we have the specter of individuals being ground into raw resources and then spit out when they reach their useful lifespan.
So if their intent is to build a utopia of their own making, that's definitionally evil because it admits no dissenting opinion in the matter of how we live our lives.
2.1B isn't an acquihire. They want the customers, the team, and the manufacturing chain at the very least.
Fuck Google.
In a little less than a decade the perception of Google went from 'Best search on the internet' and 'Do no evil' to 'Fuck Google' and 'Delete your accounts with them'; and 'their search has gotten exponentially worse'
No skin in the game from me (I only use Gmail for non-essential shopping), just an observation. Personally, I think it's great. I'm proud to stand with the vocal minority against the rampant data collection and trade.
My guess for the next great Satan? One of the notable, useful, quirky little “meta”/“web-glue” outfits such as IFTTT or somebody like that. Or a Fintech. Or some other company that somehow insinuates itself into our daily lives, holding our rickety digital lifestyles together, and eventually becomes as indispensable as mortar is to a brick building.
*Other notable examples being, in no specific order: Intel, DEC, Symbolics, Commodore, and yes, Apple.
It's Cloudflare.
edit: Just to be clear, the reason I'm so suspicious of Cloudflare is that they're inserting themselves between users and their destination. The service they provide is a great value, and their contribution to the public (free dns and vpn) is extremely admirable. But they only exist because the infrastructure maintained by the old corporate guards is so poor. Once they take over all network traffic, they'll be the next great Satan. Their story will probably turn out similar to Google.
This is really commendable. Do you host your own E-mail/Calendar/Contacts server? if so, what's your setup like in terms of hardware and the software stack?
Obviously you pay for the convenience, but it's not a lot for self-hosted and maintained stack at home.
Important email is hosted through https://soverin.net with a custom domain.
Never used Calendar and have no plans to.
I am a Xoogler myself.
Do you have a source for this? My understanding is that this $200m figure is a multi-year figure to keep him at Google.
I wouldn’t characterize him as random though. Larry seemed to like him because he is able to handle conflict very well.
Seems like multi-year (2016-2020), not annually.
Chrome has monopolized not just the Internet[1], but is in the process of monopolising desktop dev thanks to the success of Electron. Of course those are good credentials to end up in charge of Google.
[1] As far as most people are concerned, their browser is the Internet.
I'd be more careful about dismissing him as a random APM who "somehow managed to ride the wave of Chrome". Successes like these aren't wholly random and while there is certainly an amount of luck involved, you need to remember that Chrome is/was a crazy essential thing for Google's success before the smartphone/Android revolution.
It is more about not giving up the entry point to search (browser on PC -- mobiles weren't dominant in 2008) to a competitor (MS) who could stifle or charge a steep price to let it be the default search. If you need any more data on this, read up on how much Google pays Apple to be the default search engine ($5B a year IIRC).
So... Sundar's CEO status may or may not have been the best choice but don't discount years of work and navigating inside a behemoth like Google and getting st done :)
[0] https://en.wikipedia.org/wiki/Homestead_strike#Plans_of_Carn...
I absolutely agree with everything.
Here is the thing, total side topic - but Fitbit's product is really excellent!
The packaging of the PCBs, the operating system, the tech, it's all really impressive.
I know that means nothing in the larger scope, Google bought them for their data and mining potential.
But the product is actually really cool. It appears to be simple, but when you deep drive, you can run your own javascript code on your own device, and serialize the data with packages like CBOR for export... This was done a micro that's running an RTOS made in C on an extremely constrained resources device.
I've always been impressed with Fitbit.
2. If Google didn't integrate their Auth, the same community will be complaining about the lack of compatibility.
it’s pretty apparent to me that after google finally got over wanting to be facebook, google now wants to be apple. and they’re desperately trying not to be microsoft, even though that’s what they mostly are.
in the beginning, google had a unique identity (quirky & clever) and vision (organize the world’s information). now they look to others to figure out who to be. it’s like the small town high school football star who never moved on.
That's odd thing to call the biggest software company* in the world.
https://en.wikipedia.org/wiki/List_of_the_largest_software_c...
* Alphabet
I have no idea what Forbes is using for its ranking but it is obviously not by valuation.
EDIT: And it should arguably be Apple, but for some reason neither Apple nor Amazon are software companies?
> for some reason neither Apple nor Amazon are software companies?
Because they aren't software companies? Or at least principally software companies.
Amazon is categorized as an retail company. [3]
Apple is categorized as a computer hardware company. [4]
Nitpicking aside, I think my point stands about a $800B+ company.
[1] https://www.forbes.com/companies/alphabet/?list=global2000#5...
[2] https://www.forbes.com/companies/microsoft/?list=global2000#...
[3] https://www.forbes.com/companies/amazon/?list=global2000#2c4...
[3] https://www.forbes.com/companies/apple/?list=global2000#3d04...
Mostly because Microsoft became more like Google in recent years. :P
They're doing some seriously good things in the dev space.
The closest thing to an ad in VSCode or for that matter Terminal would be .. I guess hints at ease of Azure cloud services? Never found it intrusive myself, and I do AWS.
[1] https://cloud.google.com/blog/topics/inside-google-cloud/new...
The site guidelines particularly ask: "Please don't post shallow dismissals [...] A good critical comment teaches us something."
Isn't it an organization optimized for enabling engineers to increase leverage?
That's why things get rewritten into [language/framework du jour].
Is this an accurate description of Google? I thought they used the same 4-5 languages they've used since the beginning of time, maybe minus perl and plus kotlin.
Or for the data ... even better profiles of people, including people who tried avoiding giving Google that data. Probably time for such users to send GDPR notices (If EU citizens)
Well, they could cater to the Android market.
I wish Apple would want some of their stuff cross-platform - I don't like the all or nothing nature of the Apple ecosystem (I consider 'exclusives' to be anti-consumer in general).
A coworker recommended I look into buying one, but as soon as I saw that I needed to pay $x per month to see data they were already capturing, I immediately passed.
That's how they built up a following, with devices that were inexpensive, and did a few things well, but given the current environment, Google doesn't seem like they are interested in that market.
To me, Garmin is the only company here that does a good job with the "hardcore fitness" market, but why does that matter in the first place? The better market to compete in is the "fitness amateur" market, which I see as being many times the former in size. Fitbit competes well here, and Google has no offering to speak of. Seems like a successful diversification move for Alphabet's portfolio. I especially like what Google's software can do to improve FitBit's offering by leveraging AI.
With regard to AI, I'm not trying to be flippant but, those users don't care. No amateur fitness users would even understand how that would apply and likely be less to care than selling predictive analysis to those working out who legitimately track vitals and are trying to shave seconds.
The way around that is to charge it earlier in the evening before bed - I do that and it lasts me easily until the following evening.
But it's a shame the device doesn't cover sleep natively.
Source? A simple search for "fitbit garmin market share" [0] seem to suggest that Garmin is ways behind Fitbit in adoption.
[0] https://www.fool.com/investing/2018/09/08/fitbit-loses-more-...
I'm not so sure about that.
For simple activity monitoring by way of step counting, movement time, sleep time, and similar simple metrics, there is a lot of competition. This isn't just from the extremely cheap (but probably not very good) options, there are several devices out there at about half the price of FitBit's cheapest that seem to do the job just as well (caveat: I'm basing this mainly on anecdotal evidence from friends/family and online).
For very little more than their cheapest watch & step-counter you can get a TomTom sports watch which has built-in GPS for accurate run/cycle/other tracking, breadcrumb mapping, and so on. The price difference for adding a wrist-based heard-rate monitor is about the same in both ranges.
Moving away from the casual fitness market towards people like me[†], their only GPS capable device[‡] costs more than Garmin's 235 which is a more capable device, more than twice the price of the aforementioned TomTom units, in fact you can usually get a Fenix 3 for the same price as the Ioinc, and there are a couple of other well regarded competitors with similar feature sets at that sort of price level too.
Their key advantage is name recognition, at the casual end of the market at least, though that doesn't necessarily help. People often call cheap-n-dirty activity trackers "cheap fitbits" rather than an activity tracker, watch, or other name including the products official name, but they still buy them instead of the actual fitbit. They did in the past seem to have that part of the market cornered, but seem to have let it slip considerably in recent years.
(NOTE: I'm in the UK. Relative pricing of manufacturers/models may differ in different markets.)
[†] I'm a recreational runner, far from the top of any particular class though in recent years I've knocked of a couple road marathons and multi-day trail challenges so I consider myself to be good at putting one foot in front of the other without tripping over either!
[‡] I generally discount phone-based GPS tracking by wrist-mounted devices due to the battery drain on the phone, and I never found it terribly reliable though that may have improved since
Would be interesting to see the market share of Apple, Samsung and Garmin for smart watches.
I would put garmin last software, but the other hardware features more than make up for it.
The 3rd party app support is laughably poor, but the APIs are there. ConnectIQ apps are written in their own language (MonkeyC, which is kinda hard to use), which hinders adoption, and are generally slow and feature-poor.
But the good thing for Garmin is that the 1st party software more than makes up for the lack of 3rd party support. The music-enabled watches (eg FR645) have Spotify support, GPS, and Bluetooth music, last for an eon, and are hardy as all hell.
https://www.withings.com/se/en/watches
I'm currently using Fitbit, but has considered switching. This will probably catalyze it.
Are there open source, privacy conscious apps that can be used instead of Starva, RunKeeper et al to log my fitness activities?
I use an Apple Watch for cycling and several other activites. It isn't a necessity at all and one could debate the purchase for ages, but once you start using it you probably wouldn't want to miss all those small and frequent conveniences it provides in addition to the rock solid activity tracking.
The Huawei Watch 2 I have constantly crashes, the battery life is horrible, charger doesn't connect well, Google Maps doesn't offer directions (only location), WhatsApp and Discord aren't supported, Google Pay works but I have to use PayEnabler because they don't care, Spotify isn't there and Youtube is very very laggy.
I guess the biggest issue is actually Qualcomm because the current chip is 3100 which is 28nm (is that like 5-6 year old tech?). I sincerely hope that with this acquisition and Qualcomm rumored Snapdragon wear 439 (they are rebranding it as 3500 or something) I will finally in the May of 2020 get an actually good (no need to be great) standalone Google Pixel Watch.
I think this is the cheapest new: https://edigital.hr/apple-i-dodaci/iphone-c18325?filter%5Bse...
And watch
https://edigital.hr/apple-i-dodaci/watch-c29547?filter%5Bsea...
You can see the same thing happening with the Apple Watch needing an iPhone as what happened with the iPhone needing a computer early on.
It wasn’t until iOS 5 that you didn’t need a computer running iTunes to activate and update an iOS device.
Apple has slowly been detaching the Apple Watch from the iPhone. First with a cellular connection and then with an independent Watch store and adding better APIs for third party apps.
Right now, you can get away with only having the Watch with you in day to day use and the phone company already assigns a dedicated number to the watch (even though you can’t use it), I can see in the next couple of years not needing a phone at all to use the watch.
If you're leaving it at home anyways it doesn't need to be pretty or fast. Just needs to allow you to set up the Apple Watch.
I don't see a way to send a voice message in my watch interface.
I don’t think Fitbit has ever tried to compete in this space.
What's wrong with Apple then?
It might be possible to keep the data local, but it is likely to be neither easy, nor easy to NOT end up accidentally linking it to iCloud. Where I personally don't have a problem with those data living on Apple's servers, parent obviously does.
> Your health data stays up to date across all your devices automatically using iCloud, where it is encrypted while in transit and at rest. Apps that access HealthKit are required to have a privacy policy, so be sure to review these policies before providing apps with access to your health and fitness data.
That it is uploaded and capable of being shared with apps implies that Apple both has access to it and is capable of decrypting it. I also have a wider definition of "health data", and would include sleep patterns, heart rate, and exercise rate under it.
It doesn't even have the means to decrypt it.
You can also shut off icloud backup for health.
https://support.apple.com/en-il/HT209519
-------- [forgive me, for the life of me I don't easily know how to format lists on HN or even put things on newlines without double spacing]
"These features and their data are transmitted and stored in iCloud using end-to-end encryption:
Home data Health data (requires iOS 12 or later) iCloud Keychain (includes all of your saved accounts and passwords) Payment information Quicktype Keyboard learned vocabulary (requires iOS 11 or later) Screen Time Siri information Wi-Fi passwords"
https://support.apple.com/en-us/HT202303
------
Imessages are also end to end encrypted. However, if you use icloud backup, they can be decrypted as the keys are backed up.
But I too am not sure what the right way to describe it is. I guess you could say they use your data in the product that they sell.
"For now. We'll wait a few years until everyone's forgotten, then launch an amazing new service that just happens to combine health and ads data. What? Hey, it worked for Facebook and WhatsApp."
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" for finding the quote on Daring Fireball, and identifying that Gruber was quoting Lyons, who said he heard it from Ballmer, although the words here are Lyons')
http://web.archive.org/web/20080206081701/https://fakesteve....
The usual algorithm is to follow the attributions until you reach Samuel Clemons, Benjamin Franklin, Confucius, or Laozi. They are said to have said everything.
Which one of them said that?
— folklore
Because number two and three companies merging to a new number one does in fact happen.
(Note that this is the case here, though. No idea where Google is going with this.)
Taking one example I know of second-hand:
My brother worked for the #2 company in his industry at the time they acquired #3 in an effort to overtake the market leader. It worked out disastrously. It turns out that #3, despite being the less profitable (and therefore less valuable) company, was also physically larger. Internally it had a lot of inefficient ways of doing things that resulted in them needing a lot more people to accomplish the same volume of work.
You might think that #2 was then able to lean up #3 and make them more profitable, as part of the acquisition process. But it just isn't that simple - this was a large multinational with ossified internal procedures that were baked into the very infrastructure (both physical and IT) of the company. Things were never going to change overnight.
So, instead, what happened was that, over the next 1-2 years, #3's culture got imposed on the employees from #2, by simple virtue of the #3 camp being twice as many people. So, in the years since then, the #1 company's market lead has consolidated into outright market dominance, as a result of their #2 competitor suddenly becoming no more competitive than their #3 competitor.
I mean, it could have been that simple: #2 could have just entirely liquidated #3 and taken over their brands, marques, and physical assets like buildings, without retaining a single employee or officer of #3; or if they did keep the employees, it would just be by putting them into an "internal talent pool" where they're being paid to do nothing for a month or two, while they get filtered through #2's HR department as if they were new hires, either being placed in #2's structure or dropped.
This would mean that #3 would be essentially erased from the marketplace at the moment of acquisition: no further revenues, but no costs either, all creditors paid off by #2, etc. #2, however, would also immediately be free of the effects of #3's competition on their bottom line, which might balance out that lack of #3-revenue for them quite well. Many customers previously using #3 would find that they had simply stopped communicating or delivering on their promises for a period—and if they were going to switch allegiances based on that, who better to switch to than their still-business-as-usual acquirer, #2?
And, of course, presuming #2 already had logistics pipelines feeding the same markets as #3, and produced essentially-indistinguishable products from #3, it wouldn't take long to just start producing #2 products with #3 brands slapped on them and start sending them to their new base of #3 customers, to return things to normal. (But in the mean time, they'd have already received many of those customers as switchers to #2, without having to "fool" them with the #3 brand.)
I believe this is the strategy employed by one of the big successful examples of M&A: Anheuser-Busch InBev. When the beer giant acquires another brewer, they don't keep them making beer; they just tear them apart, throw the acquired company away, and suddenly customers of MomNPop Beer Co. are drinking AB InBev beer in a MomNPop can. (They don't even keep the MomNPop brewery itself; there are economies of scale that make operating a bunch of small breweries silly compared to operating one huge megabrewery. They just strip it, sell the equipment for scrap—because otherwise they'd be encouraging someone to start another competitor!—and then sell or rent out the land, if owned.)
Oh my goodness.
So, they would have bought this existing large multinational, with a huge existing client list, base of installed product, all sorts of SLAs and support contracts, all sorts of infrastructure for supporting all of that, etc, and immediately fired everyone who knows how to manage it all!?!?!? And what, then just immediately hire several thousand people to replace them 24 hours later, and have every single one of them up and running and productive in a jiffy?
> This would mean that #3 would be essentially erased from the marketplace at the moment of acquisition
Yep. . . followed by #2 being erased from the marketplace by lawsuits within a year or two.
We're talking about different verticals, here. Product businesses can get away with this. Service businesses probably can't.
Even in service industries, though, there's a simple hack: when #2 acquires #3, they keep #3 running for a few months, but they make #3 push a change to the SLA, where service provided by #2 in lieu of service provided by #3 will be considered an acceptable service-level. They only begin liquidation of #3 once all #3 customers have signed onto the new SLA. Then, when the lights are turned off on #3's infra, all #3 customers are temporarily just provided with #2 services.
Again, this is mostly a thing with product businesses, or, say, logistics providers, where the product/service is "pushed" to the customer by the provider, and the customer doesn't need to change how they do things, they just need to take receipt of the alternate product/service from the new provider for a while. "MomNPop beer is unavailable for a month, but here's a truckload of existing AB InBev 'indie-branded' stock to put in its place until we get our new marque spun up."
This is less of a thing if we're talking about a "demand"-driven business, like, say, a SaaS API provider, where the customer has to communicate to #2 or #3 through an API, and they have different APIs. This can still be made to work, but it's all about how long the transition period takes. Google's purchase of Nest looked like this, with a transition period of two years. But it wasn't temporary; with a transition period like that, you may as well just shutter the #3 "API" entirely.
(Example I can think of where this does happen in a service industry: cell-service MVNOs getting acquired by their own infrastructure provider. If ISP #3, an MVNO who uses ISP #2 as their network, gets bought by #2, there's nothing in #3 that #2 wants or needs, other than their customers, and maybe #3's brand value. So they just tell #3 customers that they're going to be #2 customers for a while (i.e. their phone will be "roaming" onto #2's network all the time, but they'll be charged regular #3 prices for it.) Either every customer from #3 is then pivoted into being a "real" #2 customer; or, if #2 keeps the #3 brand around, their #3 service starts working "normally" again a while later, as just a marque of #2 (if they stuck around with #3 instead of checking the box on their monthly bill that offers to switch them to #2.)
> and immediately fired everyone who knows how to manage it all!?!?!? And what, then just immediately hire several thousand people to replace them 24 hours later, and have every single one of them up and running and productive in a jiffy?
You don't hire the "new"-from-#3 employees to service the #3 accounts. #2 employees service the from-#3 accounts. #3 employees come in at the bottom, as if they were outreach hires.
> followed by #2 being erased from the marketplace by lawsuits within a year or two.
I mean, not if #2 doesn't own #3 when it liquidates, they don't. A company doesn't have to literally acquire another company; they can just pay it to commit suicide, and then pick up the pieces. Who do you sue, if your provider-of-choice #3 just decides to fold?
Or, even more sneaky, #2 can just figure out a way to enter into some kind of financial arrangement with #3, where it then slowly squeezes #3 to death... and then picks up the pieces. (Do you know what happened to Target in Canada? Do you know why? Hint: all the land the Targets operated on was leased to them... by Walmart! And now, after Target set them up nice and neat, and then got squeezed out of the market, they are Walmarts.)
When we're talking heavy industry, for example, those support contracts are typically negotiated on an individual basis, and you don't just "push an SLA"; you wait for contract renegotiation to come up in, say, 5-10 years, and then you get a chance to alter the terms of the agreement. Which is a process that will typically involve weeks or months of negotiations, with heavy involvement from the legal and financial folks from both parties.
It's easy to spend 3-5 years at a startup that implodes. One year is failing fast, and at least you got paid the whole time!
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.
I was mainly thinking, in general, of industries that have experienced significant consolidation.
That said, I’m really not enthused by this under either the business (relevant case history: Nest) or privacy perspective.
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.
That statement is too broad to possibly be true.
Analogies... are more pernicious than you think.
Indeed, if one wishes to be extremely extreme, one might go as far as to argue that all language is ‘analogy’, insofar as it assigns symbolic monikers to real-world objects. Furthermore, phonetic encodings (alphabets) are a further level of analogy, as they posit that (for example) the “in” in “indeed” is “similar enough” to the “in” in “insofar” to be denoted with identical symbols. Those symbols are, themselves... you guessed it... analogies, metaphors, and other various kinds of abstractions.
>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.
----
"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 "rewind." How many people using it think of reel-to-reels, cassettes, or videotapes?
http://learnersdictionary.com/qa/Idioms-metaphors-similes-an....
Argument by analogy is weak.
Communication containing analogies is powerful.
I do not find it useful to say "If A is like B, then all the things about B must apply to A." This forces us to find perfect analogies, and encourages too much bickering over how well the analogy applies.
But I do find it useful to use an imperfect analogy to illustrate something that you have already established directly. So establish that mergers between #2 and #3 rarely end up beating #1 directly, and then say "It's like..."
Our minds are not cold calculating machines. Colourful, humorous, and/or emotionally laden analogies do help us learn things and remember things.
I have found a similar thing going on with illustrations in blog posts. If you have a section about cascading failures in a digital service, and you include an illustration of dominos falling down, it does help people grasp and remember your point.
Even though obviously, cascading service failures are entirely unlike dominos, and it would be quixotic to attempt to reason about services from the things we know about dominos.
All analogies are approximations. Even though they may not be argumentative, picking out flaws in analogies often presents as attacking a strawman.
Welcome back! I very much enjoy your meta cognitive viewpoint.
Analogies are certainly useful. I recall reading that Hawking first had the idea of his eponymous radiation ‘emanating’ from black holes by way of a calculation performed by a Russian physicist (whose name escapes me at the moment) that argued that a sphere of ferromagnetic material should ‘emit’ tiny but theoretically detectable amounts of electromagnetic radiation. I forget the details. But apparently Hawking’s brain drew the analogue between the inverse square laws at play, the virtual particles, and the non-permeability of the objects and set out on his quest for what eventually made him world-famous.
I myself am a prolific, if somewhat irreverent, manufacturer of analogies, metaphors, and euphemisms. I remember the general horror of my family members when I asked great-grandma why she had been moved to “the launch-pad ward”. In my defence, I was six.
You need to have an argument for the two things being in the same category for them to make sense.
EDIT: Also, the runner and eagle analogy seam to criticize the line of thinking that would lead people to assume you can just smash together two companies and end up with a company that is better than the current market leaders. The tube analogy doesn't touch on that at all..
But you can. Think of regional phone companies (the baby bells), which merged and became dominant just by dent of natural monopoly.
Anyway, my analogy is exactly the opposite of that critique. It's the optimist's view (which is also the view of the decision-makers at the companies, so it's not to be dismissed easily).
I think you may have glossed over the "just". Of course they "can" but it's not "ergo" in the sense that 1 + 1 = 2 ergo you are now better than the 1.5 company.
I don't view the tunnel as being the optimistic antithesis of the turkey or runner analogy. The other two are not meant to be postulations pending mathematical proofs but critiques on simplistic thinking.
Found an interesting answer and backstory: http://answers.google.com/answers/threadview/id/386870.html
I'm quickly understanding why I've never heard of Google Answers.
^G^G^G We have a winner, folks.
As long as they're not being used to hold "celebrity" biographies ...
(Sometimes I'm sad I even remember some names ... There's only so much crap one should be asked to take in to live in society ...)
Funny, that's exactly what it has looked like till now since the announcement about Microsoft and Facebook ML teams joining forces to go up against Tensorflow. :-)
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...
Or they could just end up with Wear OS on worse hardware and a disaster.
If you buy the first loser, you're just paying more to lose. Also according to this Fitbit is #5 in terms of devices sold (which make them look much worse when you consider how cheap some of their products are), and they have been steadily declining for years. They went from 45% just 5 years ago to 6% this year. That is horrible. Unless Google has an ulterior motive, like primarily using FitBit as a source of data for targeted ads, this is a bad acquisition.
https://www.statista.com/statistics/435944/quarterly-wearabl...
Google Maps and Earth started from an aquisation. Youtube was right out bought by them. Google Groups, Picassa, Blogger, Google Docs are more, though a bit less successfull.
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
Keyhole is another acquisition in the mapping space that I feel has degraded since being acquired by Google. I was a paying customer of Keyhole and loved it, since becoming free under Google, it’s basically stagnated and some of the features I used are now gone.
They often include Waze reported events in Google Maps now. That was the part that I was referring to. I'm not sure if Google Maps reported issues feed back into Waze as well, but I would expect them to.
I hadn’t seen that, so then yeah I agree it is improved.
For stupid acquisitions, look no further than everything Andy Rubin bought, from Motorola to robotics companies.
Nokia Maps pre-existed Waze and wouldn't have benefited from purchasing it.
I’m citing Wikipedia for conciseness. You can look up the article’s references for citations.
Where is the data that large numbers of people aren't installing Google Maps on iOS despite iOS crippling third party maps apps? Not in your link.
Btw, you can trigger Google Maps with Siri by creating a simple shortcut and when you search for a place on google. It launches Google Maps.
That does not contradict the fact that many people install Google Maps. Reread my comments.
> Btw, you can trigger Google Maps with Siri by creating a simple shortcut and when you search for a place on google.
That does not make it work in all apps.
The app is crippled in iOS, yet people still go out of their way to use it to avoid the dumpster fire that is Apple Maps, many years after Apple Maps launched. If Apple Maps existed on Android, it would have barely any users at all, even though Apple Maps would have access to exactly the same APIs as Google Maps on Android. I'm sure Apple would like to have the traffic data that Android users could provide, but they understand that they can't get that data if nobody uses their app.
That used to be the case, but they’ve rapidly improved while Google Maps on iOS has mostly stagnated. There’s feature in Apple Maps on iOS 13 that I find useful that nobody else has even.
Citation please. Everything I've seen is a mix of "breaking even", "still unprofitable", and "adding billions to their bottom line". I.e. nobody really knows because Google doesn't break out YouTube financials.
In any case, I still think calling the largest, most successful video serving site on the web "not successful" is laughable.
My second point would be to say, is a business only successful if it always makes profits? How many years does it need to be in business to be a success? If I made a company that has a good run for 20 years then tanked, was it a success. Does it need to be run by my grandkids before it's a success?
Isn't that true for every money losing company? They make money as long as you ignore expenses?
The usual retort is "our addressable market that we have only started to penetrate will allow us to have a large enough marginal profit to cover our fixed cost".
But isn't that also in the pitch deck of every startup looking for funding? "There are x number of dog owners in the world. The total addressable market is ten gajillion if we capture 10% of that we will be worth $some_outrageous_number"
I've been around long enough to recognize that the criticisms often look virtually identical for both cases, so you really have to do a lot of the legwork yourself.
The one thing that I'm confident of with Uber is that they take in more from me as a customer than they pay the driver. Is it enough more to build a sustainable business? Considering the volumes and margin, one would hope so, and frankly I find it hard to understand how their spending is so high. But I've never tried to do the math...
https://deepmind.com/blog/announcements/deepmind-health-join...
Those have all been industry defining.
Youtube or other platforms may not make strong profits themselves, but contribute strategically or operationally to the overall Alphabet bottom line.
So the discussion here is not 'Is Youtube making a profit' but 'Does Youtube contribute, directly or indirectly, to the overall Google/Alphabet enterprise strategy?'. In that case, it is entirely possible for major acquisitions to not appear to be 'for the money' but are still essential in driving shareholder value.
Google has never released Youtube numbers, so I can't say that. I will tell you that youtube is the dominant video platform on the internet. You do realize Youtube shows ads? and those ads are part of google's ad revenue? But the numbers have been inferred "YouTube probably generates $16 billion to $25 billion in annual revenue"[1]
Waze drives all of their google maps traffic data. Again, industry's best.
Doubleclick is the basis for ALL non text advertising at google.
I'm starting to get the picture you really just want to argue your point, without any actual facts. Google has a verifiable history of successful acquisitions. Just apparently non that you "like"
[1] https://www.nytimes.com/2019/07/24/technology/youtube-financ...
Personally I think they are great at finding interesting and relevant ads, which is why I don't block the ads. Howerver I hear the experience varies.
https://fortune.com/2019/10/11/waze-google-maps-how-it-works...
Can't you just log on to the appropriate USA government website and download the submitted and audited accounts?
Isn't USA supposed to be a bastion of capitalism, and isn't a central feature of capitalism that it optimises the distribution of resources, that optimisation being predicated on readily available information -- the system doesn't optimise at all without information flow.
Please don't tell me Google don't have public accounts???
There shouldn't be any mystery here, you should just be able to read it off the P&L sheets?
I think by working with a cell phone carrier in the US and bundling enough must have apps a manufacturer could get away with having a non Google certified Android phone. Especially if they could use Nokia’s Here for maps.
Also, at the time who had a better reputation on phone hardware than Nokia? The MS/Nokia phones were also very well reviewed for the hardware too. It didn't matter, the software platform was too late to the party. There simply wasn't, and still isn't a significant market for a third OS platform.
See https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitio... for a good chronologic list.
Notice that they don’t offer Google Fi for sell internationally and they also don’t offer free roaming like t-mobile.
The hardware supply chain capability at Google is beginning to ramp up, but is nowhere near the maturity it needs to be to support a global rollout.
https://dealbook.nytimes.com/2014/01/29/did-google-really-lo...
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.
Now let's not forget why Google bought Moto's patents. Just before Google's acquisition, a consortium led by Apple bought Nortel's old, lesser patents for $4.5B. Ever heard of Apple's patent troll outfit Rockstar (or Mobilestar)? They tried to run a patent extortion ring against Android OEMs in the famed Eastern District of Texas with Apple behind the curtain. That is, until Google and Samsung's countersuit convinced the courts that the patent troll's litigation strategy "was consistent with Apple's particular business interest." They quickly dropped their sham lawsuits when the courts agreed to transfer venue to Apple's backyard.
Needlessly to say, Moto's patents in the wrong hands would have been a devastating blow far more than $4B to Google's business.
Still, the folks at M-CAM decided to put the Motorola Mobility patent portfolio to the test by using a variety of scoring techniques, and believes that the portfolio isn't all that valuable, both in the aggregate and at the specific level. It basically found that about 48% of the patents are probably worthless. At the specific level, the company looked at the 18 patents that Motorola Mobility had asserted against Apple, suggesting that these particular patents may be the "stars" of the bunch -- but, again, found that nine of those patents were "impaired," and were unlikely to be very strong or valuable.
IIRC, fewer than 2-3% of all patents actually survive and are upheld in patent trials, so they are not probably wrong when they say 48% of Moto's patents are worthless, but that isn't saying much. Take for instance, Apple's design and utility patents asserted against Samsung in Germany. All, 100%, of their patent and claims were invalidated, and declared worthless. I guess Moto's 48% is far better than 100% worthless. The key questions re: Moto's patents were their applicability, not their validity. Moto had filed lawsuits against Apple and Microsoft before Google bought it -- the court had to address Moto's appropriate FRAND licensing fee for SEPs (802 wireless standards and H.264 video encoding standards) and proper court jurisdiction.
IMHO, there is no reason to believe that Moto acquisition was a waste of money and, considering Android's popularity and success of Android today, despite threats from Apple's patent trolling (and even Microsoft), Google's strategy patent strategy worked well.
Apple sued Samsung not for the Android parts but for the design of the phones.
Microsoft was a tiny iceberg and exemplified what could have happened to Android. Samsung was reportedly paying close to $1B for a couple of years, until MS bought Nokia.
Google effectively neutered Apple's patent trolling operation by threatening to expose the troll's true motive, and prevented potential threat from Moto patent portfolio by preemptively purchasing it -- on the cheap.
https://www.reuters.com/article/us-oracle-google-lawsuit/ora...
Condescending emails about how many 'leafs' I've earned every few months and forcing me to login to the device over Google instead of my Nest account is what I'm faced with now.
In the US, the Nokia brand had basically disappeared outside of Symbian pre-paid feature phones which isn't a great association to have. In Europe, a lot of people seemed unhappy with the switch to Windows Phone and killing Meego/SwipeUI (the n9 sold gangbusters considering it wasn't available in any of the Nokia markets that could actually afford an expensive smartphone). Finally, lots of people were upset that Europe's flagship phonemaker was sold off to Microsoft and then gutted costing a ton of good-paying jobs.
Next, there's the general issue that the MS brand is a bit poisonous to a lot of people. Windows has (somewhat undeservedly) a pretty bad reputation with performance, bloat/slowdowns, and reliability. When Android and iOS basically "just work" and Windows not being necessary, not a lot of people want to deal with perceived potential issues (real or imaginary).
Finally, on the development side, most of the people making apps didn't seem keen on the Windows Phone platform and their passive neglect was a huge complication (supposedly, even multi-million dollar incentives couldn't get the devs on board).
Waiting years between updates with no news pushes away OEMs and ensures consumers forget you even exist.
Truthfully, with AI chips in fitbits who knows what they’ll be able to use it for
I'm not sure people really need biometrics data to advertise to you more effectively.
So google will know what stores you’re near, what people you’re near, and for how long.
Or, when it's noticed a lull, and kmows you're influencable: Hire this personal trainer to get you back exercising!
Using heartrate, activity levels, mobilty can probably infer a broad picture of someones health, which of course, would be very valuable to health insurance/life assurance companies.
With this level of privatised surveilance, I'll stick with my mechanical automatic watch thanks.
Located in Hong Kong, elevated heart rate in the evening, spikes match tweets about police activity against protesters? Be prepared to be visited by the authorities.
google would sell "attention time to people whos heart rate spiked during the world series" but not tell the customers who those people were. you would be outing yourself if you click the ad.
I haven't had a Fitbit in years, so I'm sure some have GPS, which would increase the footprint of GPS tracking for runners that don't run with their phone (even if that not many), then you're getting ads about healthy food options near the start/stop point of your trail.
It could tell Google if you've been having trouble sleeping, then you're getting sleep aid or sleep study or high end mattress ads. I'm sure the fitbit can detect certain workout routines based on physical movement, and can cater ads to users based on whether they're weight trainers or endurance trainers as well as skill level.
I think there is a ton of high value information that can be gathered from a Fitbit for Google.
There are so many bad implications of this, it will never outweigh any good Google claims this will do.
Extending their brand into consumer products + their 'home portfolio' is actually a strong 'vision' not lack thereof.
I suggest however, that their phone, home etc. might well be done under a separate brand, while still under the Google umbrella.
It's fun to play this game!
[1] https://www.cnbc.com/2019/06/26/apple-buys-autonomous-vehicl...
What makes him a useful authority?
Google doesn't talk about it much, but the founders are still interested in the kind of non-dystopia cyberpunk future where a personal assistant is virtually perched on your shoulder, helping you get through your day like a non-invasive cyber-butler. It's the notion that drove Glass and drives Home and Assistant.
Having an in on medical observation technology fits into that mold. I doubt they'd publicize that as their goal until and unless they have something to show for it though.
Some of what they struggle with shouldn't be as hard as they seem to make it...
"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?
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 of shedding it at alarming speed.
Glad to see them purchased by a company with deep pockets and a real interest in making Fitbit a success.
Could you give me examples of their poor customer support? I know that they are not so great with developers who publish stuff on Play Store and the likes, but never heard of them being bad with paying customers.
I had the USB-C connector on my Pixel 3XL fail. This failure is covered under warranty. I was in Asia at the time. I asked for a replacement, but they cannot ship internationally (even if I paid for it). So I had them ship it to my dad's place, he was going to be meeting me in Thailand.
Well, they shipped it to the wrong address, and by the time it was returned to sender and they sent my dad another one, he'd already left for Thailand.
When he returned home, he mailed the replacement phone back to Google.
When I returned from Asia, I requested another replacement. Well, my account had gotten into some state where they couldn't issue a replacement. I was escalated to a higher level of tech and told to wait. I waited. And waited. 2 months past. My account was finally "fixed" but by then I'd left for a 3 month trip to Europe.
I had them ship the replacement to my mom in Chicago. Then she mailed the replacement to me in Switzerland.
An incredible hassle all around, made far worse by their very low end customer support folks. Every interaction began with a 20 minute conversation about what had happened followed by them typically saying "you're escalated to a higher tier, there's nothing we can do."
Some of the pain above could be fixed by changing their international shipping policy. But my account being in some state where they couldn't issue a new phone to me for 2 months even when I was in the US was supremely frustrating and intolerable.
---
I've had another issue recently. I bought a Pixel 4XL. Google allows trade-ins of old phones, but at the time trading in a Pixel 3XL was not an option (they fully acknowledge this). So I called the next day and asked to add a trade in. Not possible. They suggested I return to sender the phone I bought to avoid the restocking fee (it was too late to cancel the order), and then place another order with a trade in. Well, that wasn't going to work because the phone was sold out.
LAME.
So yeah, I'm with others below, I'm looking at everything else. Just bought a Withings on a whim, and I'm really happy with it so far. May spring for the ECG model once it passes FDA approval.
Battery lasts a month, it's water resistant, shows me notifications, tracks steps and sleep and looks good at the same time! Also costs less than a "real" smartwatch. What a bargain to me. If only it had NFC payments it would be perfect.
If Apple wanted to sell the Apple Watch for $2 Trillion dollars, that would obviously be a terrible acquisition. If Google bought FitBit for $2000, that would obviously be an awesome acquisition.
Well the world is not so simple. Apple + Next = ?
edit: not saying it didn't used to be, up to the 20th century it certainly was.
Just running a profitable business that's not losing market share is enough for most people's definition of success.
there's a very famous counterexample, namely cancer. are there others?
But what is growth? Making more money? More users? Happier users?
After attaining profitability I wish companies would focus on making existing users happy, instead of making more money by any means necessary. If they did that then more users + more money would follow naturally.
The sibling comment about cancer is so apt. When does "growth" become cancerous?
Both sides can lighten up some overworked desks. Fitbit can cut some management overhead by being under google, and google can cut some operations overhead by allocating to fitbit.
Overall it is less of a failure to merge than them failing independently.
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!
Maybe I will have to find a new option for fitness tracking! Nike+ -> Google Fit -> Fitbit -> ???
1) Put Google Assistant in everything
2) Discontinue customer service in favor of a useless forum where you can shout in to the void
I think this is a save for fitbit employees and users.
as far as i can tell, the most valuable piece of data they could harvest through a fitbit acquisition is whether or not you're the type of person who uses a fitness tracker (and they already know whether or not you installed the fitbit app through the play store). It seems insane to me that they would pay 2.1B to feed your heart rate or step count into their ad-targeting algorithms - it's just not that valuable.
Fitbit has disastrous financials. It's been losing money for four straight quarters and they are losing grip on the market. If this was viewed as non-tech company they would have gone to Chapter 11 already. Tech bubble is real.
I see more value in using the FitBit customer base as a market for other wearables. FitBit has developed some trust regarding collecting health data, which is hard.
Who knows if that can be monetized, but it seems that there are actually some ways heart beat can be used for other products.
Fuck off asshole.
Could you please stop creating accounts to break HN's guidelines with? It's in your interests to do so, because we're trying to have a community that stays interesting for everybody. Going down in flames gets boring pretty quickly.
This health data is a gold mine for medical and pharma industry as well.
Pebble -> Fitbit -> Google.
I am sure there are more examples.
/s
That fatalistic sentiment is often repeated but it's not inevitable that all startups will be acquired by bigger companies. The missing gap in that thinking is that people forget that the startup's founders have free will and must willingly agree to being acquired. I made previous comments about this with examples:
Yes. Even if the VCs control the majority of board seats and voting rights of the startup, companies like Google/Facebook/Amazon/Microsoft are not in the business of doing hostile takeovers with uncooperative founders. Yes, hedge funds will do that but not FAANG companies.
Typically, it's always a friendly deal and they want to lock in cooperative founders with "golden handcuffs" -- e.g. 4-year stock vesting, etc. So yes, even if the startup founders have less voting power, they're still in the driver's seat in multiple ways.
Can anyone think of an example where a FAANG acquired a startup with uncooperative startup founders? I guess it's possible that there's a startup out there and the only thing valuable about the company is its patent portfolio and FAANG doesn't care about the founders skill sets at all. In such a scenario, I guess they could collude with the VCs and override the founders to buy the startup. I just can't think of such an example.
The point still remains: if you're a startup founder, you can listen to the offers from Larry Page, Mark Zuckerberg, Jeff Bezos, when they come calling -- but that doesn't mean you have to accept it and sell. Even though billions of dollars being waved in your face is persuasive, many founders have egos and like them, maybe you don't want to report to LP/MZ/JB as your new boss. Part of the joy of running your own company is that you're not someone's subordinate and you don't have to follow the agenda of a manager above you.
I remember it was somewhat of a parody of how Skynet would come into existence.
Is there any legal enforcement to prevent this in the future?
Besides marketing by health status, I can imagine that advertisers would be very interested in your heart rate before / during / after viewing an ad.
I expect these will come from TOCs.
I think it's pretty clear Google hasn't made much progress with Wear OS. Otherwise they wouldn't have needed to buy both Fossil and Fitbit.
Maybe they should just use Fitbit OS and scale it up this time.
That way they keep the OS that works while also making it scale up to support more advanced apps. Also, when Fuchsia is ready they'll have a clearer migration path.
Now for Google to be swallowed by the firmament...
At least there is Xiaomi.
But yknow, they killed Reader 10 years ago so you're right, RIP FitBit I guess.
Companies don't like to destroy assets.
I don't think anybody is assuming malice, just incompetence. There are precedents after all.
And even on the smaller service I work on, we go through privacy review. Generally user-data is coupled to user account identifiers and deleted when accounts are deleted.
This is the easiest, as your retention plan is automatically approved this way :)
All data stores are mapped to retention plans. So you don't accidentally forget something.
For anonymization there is some logic which ensures the smallest slice is small enough that users can't be identified.
Now, all of this is generally and of course there are exceptions -- but these are a lot of work to get. You need to have good reasons to get exceptions, it takes a long time. So if you want to ship on time, you delete data when it's no longer needed, etc.
Exceptions are usually when it would hurt another user to delete something shared, for example..
Sure, incompetence can happen. But Google doesn't have a lengthy record of security holes, data leaks or privacy issues. (I'm sure you can find a few, but my point is that this isn't Yahoo)
The data is deleted, but probably not the products developed from the data. For example, Google may pick up from my email that I have a Subaru and if I delete that email, they may lose track of what exact car I have, but I bet they still know I have a car.
Maybe they didn't actually do that but they demanded the right to do so and I never managed to make them (or their lawyers) deny it (which, let's face it, was all I wanted - I just wanted to use my watch without them using it or the companion phone app as a trojan to perv on my life.)
I'll be switching to a competitor and closing down my account there as soon as possible to hopefully prevent years of my historic data from being merged into the (ghost) profile Google has on me.
But at this rate it won't be long before there are simply no more competitors to FAANG left anymore. Actually enforcing antitrust laws, anyone, pretty please?
In Apple land all health data stays on device, not in the cloud like Google/FitBit
Sounds like a solid sales pitch to me.
Similar impact from a privacy perspective (assuming crypto is unbreakable), but the data certainly is synced.
1) Presence. Right now Google often doesn't know WHO is watching YouTube, whether it be the logged in user or someone else in the house. If they know you're watching on a desktop or TV but your activity shows you're walking around its likely you're not actively watching or someone else is. They could hold off on showing an ad or not target it directly to you until they think you're there to watch it.
2) Involvement. Wasn't exactly sure what to call this but what I mean by this is they can measure your heart rate to see how you react to various things you're looking at now. There might already be studies on how best to control peoples heart rates when buying something or keep them watching longer but if not they'll be able to do a ton of machine learning to test this out. This can help determine when to run ads on YouTube videos to keep you from clicking off or when the optimal time would be to show you an ad to cause you to buy something.
Now it has something it couldnt really capture, detailed health data that users willingly provide.
This is all in support of the monster data vacuum that google has become - not about web indexing, its about people indexing, health indexing, interests, habbits all to support ads.
It knows exactly what its doing.
I'm skeptical that an accerometer on your wrist and maybe an optical heartrate monitor can really provide detailed health data.
Honestly, most of the "personal health monitoring" consumer device companies are selling bullshit. They don't have purpose-built devices that are capable of monitoring specific health parameters as you sleep or as you work, they have a pile of "these particular electromechanical / electro-optical sensors happen to be cheap enough and low power enough to put in a wristwatch" and are hoping that they can gain insight by throwing machine learning at the problem. In that sense, perhaps this is a perfect match, since that's what the hype-chasers at Google/X seem to love, but sometimes the best signal you can find just isn't all that useful or interesting.
Seems valuable to me. $2B valuable, I don't know.
So, no, we do not store a constant audio stream from everything in your house for all of eternity. We don't store every website you visit in chrome for all of eternity. We don't analyze your face as you browse Hacker News from Chrome in your cellphone using your front facing camera, and store how the different parts of every page influence your emotions.
I'm sure SOME company is doing all of these things. But Google is not.
You need to jump through a million hoops to get permission to store anything at all! And unless there's a very clear reason why our service won't function without the data we're collecting (note this is completely different than the data potentially being valuable for something in the future, or possibly being able to add revenue) there's basically a ~0% it gets stored for longer than 30 days.
Maybe some of the older products like Doubleclick and Google Web Search are grandfathered in and storing lots of questionable data. I don't know. But I doubt it. Anything built in the last few years -- again I don't really know -- but I'm pretty sure shouldn't be considered a monster data vacuum.
As someone who works with Google partners and partnering with Google's data, we see a lot of personal data in it.
You simply might be someone that doesn't work with such data. I do and we use a lot of it and it gets very personal.
What does this mean? Are you reading people's depressed love poems and looking at pictures of their exes?
I didn't say that we don't store any personal data. That's ridiculous. Of course we store SOME personal data.
I said that we hardly store any data that we receive. Of what we store, we hardly store anything longer than 30 days. It's important to note that we receive an UNIMAGINABLE amount of data. Even a small fraction of a small fraction of that is still unimaginable amounts of data.
I don't know anything about our partnerships. I didn't say anything about that.
Google isn't making money from selling actual raw user data, its selling data about that data.
I do work in analytics / logging, so I do have pretty decent insights into our different storage systems and logging policies.
The people that I interact with view data as a liability, not an asset. I think this is because of lawsuits mostly. We've been bitten by a few big ones. But also, storage is expensive, and even storing a Boolean on one type of log, we could get billions of those logs per day. It starts to add up and cost money.
I think we're pretty confident in our security and take it very, very, very seriously. So I don't think we're worried about necessarily a specific piece of data being stolen. If anything is stolen at all, that would be viewed as an existential catastrophe. So I don't think there's too many pieces of data that we'd care about specifically.
But again, I'm not anyone important here. And I'm new. And I don't know that much.
Take care!
As far as I know, I'm allowed to say that: people I work with tend to be liberal. As far I know, I'm also allowed to say that: people I work with tend to view data as a liability not an asset. It's also public information that Google receives billions of requests per day. For me to extrapolate on that and say that even storing a single bit of data on those logs starts to add up and cost a lot of money isn't a trade secret either. It's common sense.
A couple of actionable statements
- you don't store anything for more than 30 days (that doesn't mesh with analytics data which might be de-anonymisable IMO).
- you don't do any facial tracking. Which doesn't surprise me too much but I can imagine a future trial where a barrister is saying "your engineers claimed in public you didn't do this sort of tracking" and that providing extras jeopardy for damages.
It's not my area, however, I appreciate the openness. Thanks for sharing.
After you learn that I'm into fitness (or vice versa) and manage to serve me an article in a news feed and direct me to a health blog (served by Google ad sense), then job of the data is done.
Anything derived from PII is also PII unless it is anonymized by aggregation. Everything that is PII is aggressively TTL'd from the time of its collection from the user. The privacy review team knows what they're doing and won't let you get away with clever lifetime extension tricks. If there is a model specifically for you, it isn't going to be causally connected to anything that's aged out.
You can delete individual items and categories from your history. It would be an unimaginable pain in the ass, both mathematically and engineering-wise, to propagate the updates for individual deletions through an incremental pipeline. Even worse, I can't imagine how you'd possibly argue that such an operation would satisfy a legal deletion request (HIPPA, GDPR).
If you need to change your learner - say you found a bug in your training code - but all you have is a trained network and no data, you're screwed. You lose all your history and your user's search, spam-filtering, or voice recognition quality tanks, and people really care about those things. Pure incremental pipelines are incredibly brittle.
All of these problems are trivially solved by retraining from the raw data. Disk is cheap. Compute is cheap. Engineer time is expensive. Fancy infrastructure is expensive. Mathematicians are super expensive. Legal compliance is fantastically expensive and grows in cost incredibly quickly with increased engineering complexity.
I work at Google. My views are not the views of my employer and so on and so forth. I build data quality infra for the knowledge graph. I haven't worked on a ton of projects that dealt with PII for public users, but even so the privacy reviews for the tools and pipelines I build get reviewed and occasionally changes are demanded to protect tool-use information about employees that use the infrastructure that I build.
You disappoint me ;)
> You need to jump through a million hoops to get permission to store anything at all!
I guess you don't work with Android.
Today I wanted to set up my smartwatch. My phone told me to enable Bluetooth _and_ gps. I turned on GPS, it asked if it was okay to send positioning data to Google for some vauge reason. I said no. So it turned off GPS altogether. So now I won't be able to use my watch. (This is a clear GDPR violation btw)
Why am I telling you this story? Because someone at Google is trying really really hard to get his hand on all possible data. Maybe you two should have a chat.
Why does Google want to compete in wearables? Why do companies feel the need to spend time/money investing in a product for no apparent reason besides the fact they aren't? Google (and tech) has always found its success in developing new markets, not chasing existing ones. That's some Balmer era Microsoft group-think.
Is it just investor pressure?
If congress wanted to regulate big tech they should enforce certain basic standards around 1) what information can be used to target consumers with 2) the granularity of the data.
For political ads, for example, I think the right decision for Twitter and Facebook would be to allow them but limit targeting e.g. you can specify the district they would appear in (low granularity) but be shown to a completely random sample of users who live there.
0: https://www.vox.com/2019/3/21/18275746/facebook-settles-ad-d... 1: https://www.wired.com/story/facebook-advertising-discriminat...
Too bad the Kickstarter didn't succeed. If you wish it did, leave a note in the forums: https://groups.google.com/d/forum/openhak-beta-testers
At least where I work, researchers have been eager to partner with Fitbit and other companies to capture more reliable data in their longitudinal studies.
Fitbit devices are cheap but provide a wealth of information that's far more reliable than participant surveys. Companies are more than willing to purchase and distribute these devices for free to participants in their studies.
Could anyone suggest an alternative?
I really have no trust that google will keep promise not to use the data.
edit: thanks all, I have too look into it all back home.
Currently that interest is mostly confined to China itself, but I wouldn't be surprised about that changing.
I don't know how they could use that data currently, but they are inventive and usually use everything they can get.
Now consider a person with health issues, whatever they may be. Many people can be turned by using their or their loved ones' health issues. Whether it's the money for health payments, promise of new treatments, organs transplants ... I leave to imagination.
1) Don't use an iPhone 2) Battery life too less (my versa lasts me 4+ days) 3) Too expensive. I bought my versa a month after launch for $150 and my wife's for $90 (albeit a holiday deal). They also just work without an issue and I don't imagine paying significantly more than that on another wearable.
The irreplaceable band on my wife's fitbit charge broke once, then the 3rd party replacement that shouldn't exist broke too. She then decided to get the cheapest option and seems pretty happy with it still. And if it breaks she'll just get a new one.
Of course it feels nicer to have software you know on your wrist. There are a few people who are interested in writing an own OS for the Amazfit Bip watch by Huami, which may (I'm not sure) also be the manufacturer of the bands. The project isn't really active, but maybe the motivation of some possible synergies would help.
Worth clarifying that they didn't even promise this. What they said was...
>The company never sells personal information, and Fitbit health and wellness data will not be used for Google ads
That means they won't sell personal information but they will probably sell anonymized health and wellness data and they will absolutely use the data themselves, just not for Google ads.
If you want serious tracking and are prepared to spend a lot of money, Garmin makes good devices.
If you're okay with giving up data as long as it's not to Google, Jawbone and Mi fit devices are pretty close to Fitbit offerings.
With Swift UI it should be even easier to use views on both the iPhone and the watch. Offering support for Android goes in the opposite direction.
Then on the other hand, with the Watch OS stand alone store, Apple might be moving into that direction of not requiring a phone at all.
Or Samsung Galaxy Watch Active 2 https://www.samsung.com/global/galaxy/galaxy-watch-active2/
Positive spin: new features, better integration with google ecosystem (whatever that means), ... um?
https://www.omgubuntu.co.uk/2019/09/pinetime-linux-smartwatc...
https://help.fitbit.com/articles/en_US/Help_article/1285
> Within 30-90 days: Most of your personal account info is deleted within 30 days of when you confirm your deletion request. This includes any subscriptions you have, like for Fitbit Coach. It may take up to 90 days to delete all of your personal info, like the data recorded by your Fitbit device and other data stored in our backup systems. This is due to the size and complexity of the systems we use to store data.
I know wearOS devices have been struggling. I hate the thought that I have to buy a watch from China to get decent battery life (a Huawei band 2) which means that my data goes through some sketchy companies in China.
I already have given everything to Google. Why would I want to do that for Huawei, Samsung, and whoever else is making hardware?
I want to control when my devices talk back to a server and what they say, so I started using net guard and monitor the URLs my data is going to.
I want to see the data stream so I can get even more detailed in my blocking efforts.
I can't see an advertising company ever being trusted enough for people to feel comfortable sharing their health data. They can push all they want, but maybe their slice of that market is about as big as it's going to be.
https://blogs.wsj.com/digits/2015/10/02/as-google-becomes-al...
Now they want to know each time my heart beats, how many steps I take, how many calories I am burning etc. Nope. No thanks. Never been one to boycott devices but the Fitbit is now in the draw. I will be looking for a garmin this weekend.
Take a look at https://www.fitbit.com/legal/privacy-policy#how-we-use-info (the section on how they use information). Sections in here having a context to Fitbit is very different from those same sections as they relate to Google.
I am currently in the market for a better phone, and had high hopes in the Pixel 4. Sadly, the reviews about the battery life will make it a pass. For a giant company like Google, this seems like a major mistake you can not afford to make given the level of the competition.
https://fortune.com/2018/01/29/strava-heat-map-fitbit-fitnes...
Google hasn't really showed any interest for watches in years, this is a weird buy.
I : yippee.
20 years later
Google: This is what being evil means....okay....
I : ok. But do I have a choice....
Google: well.....if you did, we'll buy it anyway. So please fall in line....
Is that data alone worth $2bil?
There's also zero chance it will be affected.
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.
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.
My previous company provided one of those Fitbit bracelets and it just stopped working one day after a month of usage. While it did work, step tracking was spotty, at best.
Haven’t looked back at wearables since then but I’m leaning towards the Apple Watch series. Maybe on the next refresh though.
The states doesnt even pay lip service to free market these days. Another 2 billion worth of market assimilated to a monopoly.
The press releases are https://blog.google/products/hardware/agreement-with-fitbit
and https://investor.fitbit.com/press/press-releases/press-relea...
I do wonder who is making up these rules and why do they care what I say about Google? If I talk frequently about the same Yahoo story one that is neutral and I am neutral are you going to tell me to stop/say that is spam too?
I was shocked to hear and be told I can no longer talk negatively about Google on Hacker News and provide my reason why if asked.
Because it's baiting people into allowing you to grind your axe? I just looked up what you are referring to, and while like the mods I agree there's likely something to your story, that doesn't mean it needs to be injected into every conversation, nor that you can be excused for saying "they are pigs" with regard to Google.
The job of the mods is to provide a civil place for discourse that people enjoy and find benefit in participating in. If they think you repeatedly bringing up something that you've already expressed on multiple occasions is impeding those goals, it's their job to take action.
The fact that you've started the same behavior over their actions to correct your prior behavior (note how the person you replied to thought you accidentally replied to the wrong person?) is evidence that you didn't understand what they tried to express initially, or possibly don't care.
The solution to this is simple, stay on topic, or at least make sure your tangents have a reason. A discussion about Google wrongdoing, or poor experiences, or even weird interview problems would be a good place to bring out your Google grievances. A discussion about who the moderators are and how they come to consensus for purely educational reasons is not an entirely appropriate forum to air your grievances about past moderator decisions, as it's a large shift in tone, and that's ignoring its tendency to derail any conversation it happens in.
If your message has merit, it will be better received when it's in the right context. In the wrong context, it's likely to be ignored, and possibly even negatively received, as you've seen.
Repetition spoils curiosity. When users repeat the same thing so often that it starts to sound like an idée fixe, other users get upset and call it spamming, and eventually we have to ask the person to just avoid that topic. Google isn't the issue; there's plenty of criticism of Google on HN, as of every other big tech co.
Since our last exchange I haven't posted anything about it or had planned to. Here in this hidden thread I saw another member pondered something I did after our last exchange. I fully didnt understand why anyone would care that much about what I have to say about Google or why I loathe Google to the point of being told no more.
Overall I still dont fully understand it, but will refrain from talking negatively about Google (unless extremely relevant or not say why) as it leads me to point to a reason that is upsetting to various HN members(whoever they may be).
If you want people to listen, you have to make it entertaining. If you want to tell a story, then tell a story! Spend a few hours putting all of your thoughts down on paper (not in a comment, but probably not on real paper, ha; put it on your own website). Go into juicy detail with your experiences. Make people feel like they were in your shoes. Put them in your mindset, your hopes and dreams, make them identify with your motivations. Make them feel how exciting it was when you were invited to Google, and how disappointing it felt to realize what it was really about. Don't tell them; show them. When you do this well, you get people on your side.
Everyone has a story to tell. But if you want people to listen, you have to really work for your audience and show them that you're doing it for them.
Turn it into something fun! I dug deeply into your comment history out of curiosity. The reason everyone is telling you to keep quiet is that when you write, you sound angry and hurt. But we have all experienced situations where someone has made us angry or hurt us. That's what power is: the ability to hurt you and not worry about consequences. It happens.
For various reasons, it's in my best interest to say nothing here. But I note you've been with HN since 2007, and have contributed 594 comments. That counts for something.
So, word of advice: when you come to an entertainment site, you have to be entertaining. But your HN profile, which is supposed to be about you, is about Google. You call them pigs, right there in your profile. Even if that were hypothetically true, what are people supposed to think when they read that? I search your comment history and see that 85 of your 594 comments are about Google: https://hn.algolia.com/?dateRange=all&page=0&prefix=true&que...
That's a ratio of 14.3%. Almost 15% of your sum total output on HN has been about Google, since 2007. In comparison, the #1 HN user by karma has mentioned Google 1,561 times out of 53,789 comments = 2.9% of the time. You're talking about google almost 5 times more frequently than other long-time members. That's why people are saying it's an obsession.
When people wrong you, and then you make your life about them, that's just them controlling you. Why let them win like that?
Now, the reason I said all of this, and why I'm sticking my neck out here to post this comment, is that I suspect -- just a hunch -- that you might have otherwise been inclined to bring up Google in the future. But I also suspect that if you keep doing this, and you don't change your methods, you're going to lose your HN privileges, and that no one will disagree with that decision. Poof. Gone.
It's Friday, man. It's the weekend. You in Chicago? If so, let me know! We can go out to a bar and I promise I'll really listen to everything you have to say about Google and about HN.
Just... have fun with life, you know? There's more to life than all of this. You're an inventor! Don't you still find joy in finding things to make? What happened to that creative spark?
I believe in you, and I believe you can still invent things and make positive contributions to the world. Don't let all this get you down. Just remember: HN is supposed to be fun. That's the real strength of the community.
Best of luck!
It's a good lesson about being willing to share data: even if you trust the company you're sharing with, a company you don't trust may end up buying that company and getting your data after all.
If you're privacy-minded, the only safe option is to treat all companies as untrustworthy.
[1] https://help.fitbit.com/articles/en_US/Help_article/1133
[2] https://help.fitbit.com/articles/en_US/Help_article/1285
Much better than the average tech company out there.
I’d like to see what Google has on me, but without an account I can’t.
And that's probably the end of Fitbit's customer service department. Not that they are particularly great, but, you know, they do exist.
Could be a fluke, but as a consumer I don't really care about that.
Next thing I bought is a bluetooth supported chest strap, but I also resigned myself to eventual malfunction according to Amazon reviews for all the heart straps.