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October 09, 2024
Ring is now the second-largest seller of security systems in the U.S., according to research firm Parks Associates, and it recently became profitable, Hamren told Bloomberg in May — six years after Amazon acquired the company for $1 billion.
From the article, "Amazon revamps Ring subscriptions with AI video search" by Kyle Wiggers
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The investment comes at a time when there are more than 100 Internet video services operating in the U.S., with at least 40% launching during the past two years, according to Dallas consulting firm Pa...
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