Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 internet speed test! ×

Submission + - How Nest and FitBit Might Spy on You For Cash (forbes.com)

Nerval's Lobster writes: Forbes offers up a comforting little story about how Nest and FitBit are planning on turning user data in a multi-billion-dollar business. "Smart-thermostat maker Nest Labs (which is being acquired by Google for $3.2 billion) has quietly built a side business managing the energy consumption of a slice of its customers on behalf of electric companies," reads the article. "In wearables, health tracker Fitbit is selling companies the tracking bracelets and analytics services to better manage their health care budgets, and its rival Jawbone may be preparing to do the same." As many a wit has said over the years: If you're not paying, you're the product. But if Forbes is right, wearable-electronics companies may have discovered a sweeter deal: paying customers on one side, and companies paying for those customers' data on the other. Will most consumers actually care, though?
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

How Nest and FitBit Might Spy on You For Cash

Comments Filter:

Man is the best computer we can put aboard a spacecraft ... and the only one that can be mass produced with unskilled labor. -- Wernher von Braun

Working...