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Loon's bubble bursts-Alphabet shuts down Internet balloon company

1 month ago   |   By Ars Technica

A Loon balloon. [credit:
Loon ]
When Google announced "Project Loon" in 2013, a running joke behind the project was that no one thought a network of flying Internet balloons was a feasible idea. Eight years later, Google has decided that a network of flying Internet balloons is indeed not a feasible idea. Loon announced it is shutting down , citing the lack of a "long-term, sustainable business."
Loon CEO (Loon was eventually spun out into an Alphabet company) Alastair Westgarth writes:
We talk a lot about connecting the next billion users, but the reality is Loon has been chasing the...
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