CNET: Google parent Alphabet to shut down Loon, its internet-beaming balloon project

CNET: Google parent Alphabet to shut down Loon, its internet-beaming balloon project. “The project was born out of X, Alphabet’s self-described moonshot factory for experimental projects, which has also developed the company’s driverless car and delivery drone services. Alphabet, however, deemed Loon’s business model unsustainable and said it couldn’t get costs low enough to continue operation.”

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