, Google parent Alphabet to shut down Loon, its internet-beaming balloon project – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing
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Google parent Alphabet to shut down Loon, its internet-beaming balloon project – Source CNET Tech

, Google parent Alphabet to shut down Loon, its internet-beaming balloon project – Source CNET Tech, iBSC Technologies - learning management services, LMS, Wordpress, CMS, Moodle, IT, Email, Web Hosting, Cloud Server,Cloud Computing

Alphabet is shutting down its Loon project.


Alphabet

Google parent company Alphabet said Thursday that it’s shutting down Loon, a project aimed at beaming down internet connectivity from balloons floating in the stratosphere.

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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Source CNET Tech

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