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April 18, 2014 03:56 pm GMT
When Google acquired smart thermostat maker Nest for $3.2 billion, the startup quickly stated that it wouldn’t ever share its user data with other Google services and outside companies. Yet, according to a recent report by Forbes, the company is taking advantage of its data to create a lucrative revenue stream from electric utilities. “Our privacy policy clearly limits the use of… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZCLoQnd8zIw/
Nest Uses Its Data To Turn Electric Utilities Into Cash Cows
When Google acquired smart thermostat maker Nest for $3.2 billion, the startup quickly stated that it wouldn’t ever share its user data with other Google services and outside companies. Yet, according to a recent report by Forbes, the company is taking advantage of its data to create a lucrative revenue stream from electric utilities. “Our privacy policy clearly limits the use of… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ZCLoQnd8zIw/
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