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Amazon recently announced that it is acquiring the smart-lock startup Ring. The deal comes at a substantial cost reported at $1 billion for Amazon, but it's an investment that will likely pay off big time. What's Ring? It's a six-year-old startup that offers a handful of connected home security devices, including doorbells and cameras. Ring says its mission as "to reduce crime in neighborhoods." However, Amazon's investment likely has little to do with this stated goal. Smart locks have garnered adoption for a range of use cases from letting in guests at Airnbnb to simply improving the user experience by removing the need for an extra key. But Amazon is likely interested in one main thing: delivery. Full story

4 days ago, 13 March