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Google parent Alphabet cancels Loon project to deliver internet by hot air balloon - SiliconANGLE

Google parent Alphabet cancels Loon project to deliver internet by hot air balloon SHARE Google LLC’s parent company Alphabet Inc. said today that it’s giving up on the idea of using high-altitude hot air balloons to deliver internet connectivity to the world’s remotest regions. Alphabet confirmed in a blog post that it’s winding down its nine-year-old Loon project and a two-and-a-half-year-old spinoff company because it can’t find a sustainable business mode...

Google’s parent firm, Alphabet, is done exploring the idea of using a fleet of balloons to beam high-speed internet in remote parts of the world. The firm said on Thursday evening that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin-off firm, after failing to find a sustainable business model and partners for one of its most prominent moonshot projects. The demise of Loon, which assumed the spotlight after the project helped restore cell services kno...