Life360 makes millions selling location data, and it’s about to buy Tile
Life360, the company that bills its product as a “family safety service,” has been selling location data on its 31 million customers — including kids — since 2016, The Markup reports.
Former employees from data broker companies told The Markup that Life360 is “one of the largest sources of data” for what has become a $12 billion phone location tracking industry. In November, the company announced it’s reached a deal to acquire the popular item tracking company Tile for $205 million and said it plans to pursue a dual public listing in the US (it’s currently listed on the Australian Securities Exchange) next year.
“Our philosophy has been first … be open with our users with what we are…