Google Makes Its ‘Nest’ In Data-Collection Tech

Google is continuing its rapid pace of acquisitions with the purchase of Nest Labs, maker of smart domestic appliances like thermostats and smoke detectors.

New York Magazine’s Kevin Roose speculated that Google may be after Nest’s data-collecting technology, which is built into its appliances and can gather a wide range of information about a home’s occupants.

The deal closed for $3.2 billion in cash.

Google recently made news for questions about the stylishness of Google Glass. Learn more about these and other weird happenings in the payments world by clicking here.

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