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Alphabet is shutting down Loon, its internet balloon company – The Verge
Alphabet is shutting down Loon, its division that provides internet from floating balloons. Alphabet, the parent company of Google, will begin winding down operations…
It will no longer be one of Alphabets Other Bets
Image: Alphabet
Alphabet is shutting down Loon, its division that provides internet from floating balloons, according to a post on the blog of Alphabets X moonshot division.
The road to commercial viability has proven much longer and riskier than hoped, Astro Teller, who leads X, wrote in the blog. In the coming months, well begin winding down operations and it will no longer be an Other Bet within Alphabet.
Alphabet, the parent company of Google,…
