Welcome to your future home of app-controlled devices! Google’s recent purchase of Nest Labs brings the world of smart home devices one step closer to reality. Following the announcement of this acquisition, Google stock rose 0.53%. Google’s recent string of purchases contribute to its single vision of connecting previously unrelated items to control and monitor all aspects of everyday life. It is estimated that the global market for connected home products could be worth $40 bln in the next five to seven years and the potential for growth in this market is phenomenal. In his latest article, Oren Laurent gives an overview into how the industry as a whole offers several great investment opportunities. Read more…