SmartThings was born as an independent company in 2012 when it launched one of the largest Kickstarter campaigns ever: a $1.2 million funding program for the company's first smart home hub. Samsung bought SmartThings in 2014, ... You might think that killing the old Hub could be a ploy to sell more hardware, but Samsung—a hardware company—is actually no longer interested in making SmartThings hardware.
They never were. They wanted the proprietary low bandwidth, low power network infrastructure and software. In other words, instead of developing their own in-house solution, they bought another company and sold off the bits they didn't want. That's a lot like buying person supremely useful to society, harvesting a kidney, eye, ear, and a lung before selling what remains to a slave owner. All they did was waited until the purchase showed a positive return on their investment and the balance sheets and shareholders and creditors to calm down before cutting off what they never really wanted in the first place.
Not even a year ago, people all of the internet (and by "all over" I mean "more left-leaning websites") got all mad and couldn't see straight when I suggested that companies should not be able to buy other companies. I guess after Microsoft, Apple, Google, and Facebook did the same to other very impressive companies, people finally got sick of it. If there's any argument against capitalism that I could get behind, this would be it.
>SmartThings was born as an independent company in 2012 when it launched one of the largest Kickstarter campaigns ever: a $1.2 million funding program for the company's first smart home hub. Samsung bought SmartThings in 2014, ... You might think that killing the old Hub could be a ploy to sell more hardware, but Samsung—a hardware company—is actually no longer interested in making SmartThings hardware.
They never were. They wanted the proprietary low bandwidth, low power network infrastructure and software. In other words, instead of developing their own in-house solution, they bought another company and sold off the bits they didn't want. That's a lot like buying person supremely useful to society, harvesting a kidney, eye, ear, and a lung before selling what remains to a slave owner. All they did was waited until the purchase showed a positive return on their investment and the balance sheets and shareholders and creditors to calm down before cutting off what they never really wanted in the first place.
Not even a year ago, people all of the internet (and by "all over" I mean "more left-leaning websites") got all mad and couldn't see straight when I suggested that companies should not be able to buy other companies. I guess after Microsoft, Apple, Google, and Facebook did the same to other very impressive companies, people finally got sick of it. If there's any argument against capitalism that I could get behind, this would be it.
They never were. They wanted the proprietary low bandwidth, low power network infrastructure and software. In other words, instead of developing their own in-house solution, they bought another company and sold off the bits they didn't want. That's a lot like buying person supremely useful to society, harvesting a kidney, eye, ear, and a lung before selling what remains to a slave owner. All they did was waited until the purchase showed a positive return on their investment and the balance sheets and shareholders and creditors to calm down before cutting off what they never really wanted in the first place.
Not even a year ago, people all of the internet (and by "all over" I mean "more left-leaning websites") got all mad and couldn't see straight when I suggested that companies should not be able to buy other companies. I guess after Microsoft, Apple, Google, and Facebook did the same to other very impressive companies, people finally got sick of it. If there's any argument against capitalism that I could get behind, this would be it.