This is The Stepback, a weekly newsletter breaking down one essential story from the tech world. For more on the fragile state of your connected devices, follow Jennifer Pattison Tuohy. The Stepback arrives in our subscribers' inboxes on Sunday at 8AM ET. Opt in for The Stepback here.
How it started
A decade ago, a group of former Apple engineers built a beautiful smart oven. With a built-in scale, restaurant-grade heating elements, a camera, and the intelligence to recognize a chicken breast and cook it perfectly, the June Oven set the standard for smart cooking appliances. At $1,495, it was absurdly expensive, but it quickly grew a smal …