In The News

Google Founders Turn To Familiar Face To Run Nest As Fadell Departs

June 02, 2016

"Nest products are best-sellers in the category," Chief Financial Officer Ruth Porat said on the April 21 earnings call. "It's a leading brand in the connected home. It's obviously early, but a very exciting category." Alphabet CEO Larry Page said in a statement that Nest's revenue has increased more than 50 percent annually under Fadell.

For the $3.2 billion that Google spent on Nest, more is expected, said Tom Kerber, director of research at Parks Associates.

From the article "Google Founders Turn To Familiar Face To Run Nest As Fadell Departs" by Ari Levy.

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Google Founders Turn To Familiar Face To Run Nest As Fadell Departs

Previously In The News

Nearly Half of Americans Looking for a New Home Want Smart Technology

AT&T-Time Warner Deal Could Spur More Mergers, Scrutiny

Extra Miles For Fitness Trackers

Google's Nest Struggles Could Set Back The IoT Movement

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