Nest Reportedly Underperforming; Funding Could be in Danger

A new report citing “three people with knowledge of the matter” says that Nest was only able to make $340 million in 2015. They also say this isn’t what Google was expecting with their $3.2 billion acquisition and some say its future could be rocky. That is because many employees are reaching the point where they can leave their contracts, and funding for Nest also runs out this year unless Alphabet extends it.