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Alphabet winds down Loon, says it is just not commercially viable

Friday 22 January 2021 | 09:49 CET | News
Alphabet has announced it will shutting down Loon, its project to bring internet to hard-to-reach places using balloons 20 km in the air, saying it was just not commercially viable. The project, unveiled in June 2013, will now be winding down and no longer be included in results as Other Bet. "While we've found a number of willing partners along the way, we haven't found a way to get the costs low enough to build a long-term, sustainable business," Loon Chief Executive Alastair Westgarth said in a blog post.

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Categories: Internet
Companies: Alphabet / Google
Countries: World
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