Yeah but you'd have to report them "lost" to track them, and then hope they're near people with the App. The Tile range is only 100 ft or so from your phone. Wouldn't it be a hoot if the person with the App was their "mistress" !!
And the Bike thingie- if you were a thief- wouldn't you remove it ? DUH !!
#2 - lasts only about 1 year then needs replacing !
NOT saying it's not worth having- but there are limitations. It's not a Dick Tracey wristwatch !!