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Tech Brew Ride Home

Fri. 11/01 - Google Acquires Fitbit

Tech Brew Ride Home

Amalgamated Internets, LLC

Technology, News, Tech News

4.71K Ratings

🗓️ 1 November 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

Google acquires Fitbit, Apple TV+ officially launches, might the US Government be about to bring the hammer down on TikTok, and of course, the Weekend Longreads suggestions. Sponsors: Tiny Capital Leap.FidelityCareers.com Links: Google to acquire Fitbit, valuing the smartwatch maker at about $2.1 billion (CNBC) Maps Incognito is launching for Google Maps Android Users (Google Maps Help) Apple TV+ is now live in the TV app: Start watching Apple’s original TV shows and movies (9to5Mac) Exclusive: U.S. opens national security investigation into TikTok - sources (Reuters) Weekend Longreads Suggestions: 50 years ago today, the internet was born in Room 3420 (Fast Company) Talking with former Facebook security chief Alex Stamos (CJR) Everything is Amazing, But Nothing is Ours (AlexDanco.com) The Gross Margin Problem: Lessons for Tech-Enabled Startups (Craft) The Ransomware Superhero of Normal, Illinois (ProPublica) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Welcome to the Tech Meme Ride Home for Friday, November 1st, 2019.

0:08.8

I'm Brian McCullough today.

0:11.4

Google Acquires Fitbit. Apple TV Plus officially launches. Might the

0:17.0

U.S. government be about to bring the hammer down on Tik-Toc? And of course the weekend Long Reed's suggestions. Here's what you miss today in the world of tech.

0:32.0

Google has acquired Fitbit for 2.1 billion dollars or $7.35 per share in cash.

0:41.0

Actually, of course, it's Alphabet who is doing the acquiring, but of course you understand that.

0:46.9

I don't remember if I talked about this or not, but in January, Google paid $40 million for Fossil Smart Watch Tech and IP, so it certainly looks

0:57.5

like Google has decided it once in on the Wearables action.

1:02.3

Sources are saying that Facebook held talk. the

1:03.0

whererables action.

1:02.0

Sources are saying that

1:04.0

Facebook held talks to acquire Fitbit as well,

1:07.0

but only wanted to pay about half of what Google ended up paying.

1:11.0

Quoting,

1:12.0

CMBC, Following the announcement, Google's hardware chief, Rick Osterlo, released a blog post explaining how the acquisition can help Google advance its ambitions for Ware OS, its software for smart watches.

1:25.0

By working closely with Fitbit's team of experts and bringing together the best AI,

1:30.0

software and hardware, we can help spur innovation in

1:33.2

wearables and build products to benefit even more people

1:35.8

around the world.

1:36.6

Ostrolo said.

1:37.8

Google also remains committed to WearOS and our ecosystem partners and

1:41.3

we plan to work closely with Fitbit to combine the best of our respective

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