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Nest future at risk at Google as its $340 million revenue misses Google's initial target

3/31/2016 05:07:10 AM Eastern

An exodus of key executives could begin as soon as this year as a stock-option vesting schedule lets Nest executives begin cashing out their shares. 

"Nest generated about $340 million in sales last year, according to three people with knowledge of the matter. That's an impressive figure for a company in the very nascent market of Internet-connected devices. But it's below the initial expectations Google had set for Nest when it bought the startup in 2014 for a whopping $3.2 billion."

Read More at Recode

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