Google’s parent deflates internet-beaming balloon company

Google’s parent deflates internet-beaming balloon company

SAN RAMON, Calif. (AP) — Google’s parent company is letting the air out of an internet-beaming balloon company that was providing online access from the stratosphere.

The plan to shut down Loon was announced late Thursday, ending what started out nine years ago as one of Google’s secret projects in its so-called “moonshot factory,” a division now called X. Google, Loon and X all are owned by Alphabet Inc., which draws upon Google’s digital advertising empire finance risky ideas like…


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