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Amazon Just Bought Video Doorbell Company Ring for $1 Billion--5 Years After It Failed on 'Shark Tank'


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#1 Mark Carver

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Posted 01 March 2018 - 09:58 AM

He wanted $700k for a 10% stake in the company on Shark Tank. Who's laughing now...

 

In 2013, entrepreneur Jamie Siminoff left the set of Shark Tank without a deal for his video doorbell company--and in tears because his company was almost out of money. Five years later, Amazon is buying it for a cool $1 billion.

https://www.inc.com/...shark-tank.html


John Keegan, a renowned British military historian, has called World War II the greatest single event in the history of mankind. - Tom Brokaw, NBC special correspondent and author of "The Greatest Generation"


#2 Mark Carver

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Posted 12 April 2018 - 01:28 PM

Amazon drops first-gen Ring doorbell price to $100 after closing acquisition

 

 

As of today, Amazon officially owns Ring, the smart home company that was famously rejected on Shark Tank and went on to popularize the smart doorbells with built-in security cameras. Amazon purchased Ring in February for more than $1 billion, and the deal formally closed today.

 

Now, Amazon is already taking action in a very typically Amazon fashion: lowering prices. It’s starting with Ring’s standard video doorbell, which is dropping in price from $180 to $100. Amazon did a similar thing when it closed the acquisition of Whole Foods, dropping prices on avocados and other staples like bananas and ground beef.

https://www.theverge...tion-price-drop


John Keegan, a renowned British military historian, has called World War II the greatest single event in the history of mankind. - Tom Brokaw, NBC special correspondent and author of "The Greatest Generation"





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