Nearly a decade after it began the project, Alphabet said Thursday that it pulled the plug on Loon because it did not see a way to reduce costs to create a sustainable business
A balloon of Google's "Project Loon" to supply remote areas with Internet connections is seen at the developer conference Google I / O in Mountain View, California, 21 May 2016. The project is to now be under a new boss who is an experienced manager from the satellite industry. Photo: Andrej Sokolow/dpa | usage worldwide
Image: Andrej Sokolow/picture alliance via Getty Images
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