Andover Business Club

During our final meeting of the term, one member brought up Google's acquisition of Fitbit as a discussion topic. Here's what we discovered: Google bought Fitbit for 2.1 billion dollars An attempt by Google to break into the wearable tech market Do you think the wearable tech market has room to grow? We think yes.  Google may use Fitbit to help build an android-integrated platform , playing a similar role the Apple Watch plays in the iOS platform Google's engineers and access to data could help Fitbit become even more advanced Finally, acquiring Fitbit means Google instantly acquires a 27 million active users versus starting their own line of fitness gear.  This is oftentimes a strategic moves for large companies, as markets become increasingly difficult to break in. How will Google use Fitbit to elevate itself and improve the fitness tech?

Good morning ABC, We will have our final meeting of the term tonight   @6:30 PM in Sam Phil room 102 .   Firstly,   BLUBOXES DAY WILL BE NEXT TUESDAY DURING DINNER . I talked briefly with Mr. Capano who said the student activities office will be very busy this upcoming week due to A/E shirt sales + bus logistics. Please sign up for a slot using this link: https://docs.google.com/spreadsheets/d/1SeFzDHiegCBa5edCwwC_U78joLTUGzIhsDPeCQ115GM/edit?usp=sharing For our final meeting of this term, the discussion topic will be up to you guys. The board has some planned topics, such as the   military+government+business   ethics discussion as well as a discussion about   MARVEL’S   success as movie makers and why they’ve managed to be so successful in the past decade. However…since this is the last meeting of the term, please bring some topics of interest to you. We can even discuss multiple topics of interest so please come with ideas! Even if you’ve never been to ABC before,

We had an awesome discussion about Uber , the economics of it and imminent profit problems. For the recap… What is Uber? Uber is a company that has added technology and revolutionized the taxi industry. They also have Uber Eats, a subsidiary. Important things about Uber: Uber treats its drivers not as "employees" but as independent contractors , saving Uber around $4 billion dollars annually from having to pay for employee benefits like health care.  Uber uses an algorithm that factors in distance, demand, time, traffic etc. into calculating their prices for rides. In general, this algorithm makes Uber cheaper than taxis, but during rush hour for example, taxis may actually win.  96% of Uber drivers quit after their first year…but this doesn't impact Uber because they don't treat their drivers as employers through interviews, tests for special skills etc. In other words, drivers are just drivers for Uber…they are indispensable.  Hallmark of a tech