Alphabet shuts down Loon internet balloon company
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 knocked out by a hurricane in Puerto Rico, comes a year after the Android-maker ended Google Stati...
Source: yahoo.com
