Alphabet (GOOG, GOOGL) is pulling the pin on Project Loon, a decade old venture that planned to beam internet to Earth via giant balloons. While it struggled to get off the ground, the experimental ...

Google parent Alphabet has announced that it is letting the air out of its internet-beaming balloon project — the latest of the tech giant’s “moonshot” programs to get scrapped. Loon, which used ...

As they mature, finding new growth drivers will become a hot-button issue for Internet powerhouses Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Facebook (NASDAQ: FB). So it should be no surprise that ...

Bottom line: Loon, the Alphabet subsidiary tasked with bringing Internet access to some of the most remote parts of the world, is shutting down. The project was risky from the get go and ultimately, ...

Google parent Alphabet Inc. shut down Loon, an audacious project to beam internet service from high-altitude balloons, after the unit failed to develop a viable business model. “While we’ve found a ...

Alphabet’s balloon-based Internet connectivity initiative, called Project Loon, is coming to the rescue in hurricane-ravaged Puerto Rico. Project Loon, which was originally conceived as a way to ...

Google’s parent company Alphabet is shutting down a high-profile “moonshot” project called Loon, a design to use helium balloons to deliver cellular connectivity from Earth’s stratosphere, after ...

Alphabet's Project Loon is running into some figurative turbulence in addition to the literal kind. Tom Moore, the satellite executive who was brought on as CEO to help Project Loon become a ...