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January 22, 2021 12:42 am GMT

Alphabet shuts down Loon internet balloon company

Googles 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 […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/z70kYSTKwH8/

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