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Friday, June 24, 2016

Head of smart-home firm Nest steps down

Nest, which makes digital thermostats, smoke detectors and video cameras, was supposed to be a foundation for Google’s push in to smart-home technology when it bought the company for $3.2 billion in 2014.

Instead, Nest has failed to deliver any new hardware and was widely criticized for shutting down services for its smart-home hubs designed by Revolv, a start-up Nest acquired in 2014.

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