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IPFS News Link • Business/ Commerce

New Google Acquisition Eliminates Privacy as We Know it

06-14-2014 • thelibertybeat.com

Google acquired Skybox, a company that provides high-res photos and video using low cost satellites for $500 million, extending their reach far beyond the internet, reported Wired. Skybox transforms mass quantities of unstructured data into revenue-generating insights, streaming aerial imagery straight to Google. The captured aerial imagery is beneficial for a variety of industries, including companies tracking cars in parking lots to predict retail forecasts. Skybox is capable of taking photos from 500 miles up, eliminating privacy as we know it. The company's co-founder John Fenwick, previously worked as a liaison in Congress fro the National Reconnaissance office, or an ultrasecret spy agency that manages America's space toys.

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Reported By Robert Lee

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