Amazon is spending $1 billion to buy doorbell-camera startup Ring, a 'Shark Tank' reject that turned into a massive success story (AMZN)

Amazon is acquiring Ring, which makes smart doorbells with video cameras. Ring got its start on the TV show "Shark Tank" in 2013. Amazon is acquiring Ring, a startup that makes a popular line of video-camera doorbells, in $1 billion deal that could help Amazon enmesh further into consumers' homes and lay the framework for a high-tech pipeline that delivers retail goods and groceries straight to them.

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