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September 01, 2020 10:18am
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Alphabet reluctantly tells investors how much money it’s losing on Nest

It’s the first time Mountain View-based Alphabet has detailed Nest’s performance since acquiring the Palo Alto-based hardware startup in 2014 for $3.2 billion. For the past four years, Wall Street analysts have speculated that Nest hemorrhages money, with thin margins and unsustainably high operating costs.
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