Here’s an unexpted twist in the home security market: Competition is so fierce between the Ring smart home device brand and the older security company ADT, that ADT has now sued Ring over their smart home security offerings.
This is a big deal for several reasons. First, the judge has ordered Ring to stop selling products while the courts investigate the matter. This is a really important for Ring, which is a fairly large company but still needs revenue coming in, especially during the holiday season. Being subject to a lawsuit like this can be very damaging for a company no matter the result.
Code theft is also becoming more common, which is an issue that has consequences…