Alphabet shutting down internet balloon venture Loon

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Blames the long "road to commercial viability".

Alphabet shutting down internet balloon venture Loon
Google parent Alphabet is shutting down its internet balloon business Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that "the road to commercial viability has proven much longer and riskier than hoped." Founded in 2011, Loon aimed to ...

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