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A comment on Google to buy 6.6% stake in ADT in home security push. Parent comment

Re:Google to buy 6.6% stake in ADT in home security push by antoncohen on Monday August 03, 2020 @08:59AM (#24037155)
> Most of the companies I see want me to buy a new system and lock into 3 years of monitoring.

That is why Comcast pushed hard into home security. Is there a significant value to home security companies, or is the whole industry a scam?

[ Parent | on HN ]
Re:Google to buy 6.6% stake in ADT in home security push by ocdtrekkie on Monday August 03, 2020 @09:05AM (#24037214)
Yeah, they can install a cheap TrendNet PoE switch and a handful of cheap offbrand cameras, and charge you for them monthly into perpetuity. After that contract point to repay for the equipment, it's highly profitable, as it turns one time costs into a recurring fee.
[ Parent | on HN ]