The bubble waiting to burst 2.0 :-/
Unfortunately there are followups to my precious notes about the current .NET bubble. Google buys Nest Labs for a whopping 3.2 billion $US no less.
Nest has a niche product, currently only operating in the US, and not even with any international sales.
There are profitable, serious, big, decades in business companies that value for significantly less, …
But then again Google Ventures is a previous investor, so my understanding is Google Ventures would get at least a bit of that money back?
