Alphabet shutting internet balloon venture Loon

OAKLAND, Calif.

ReutersJan 22, 2021 07:16:01 IST

Alphabet shutting internet balloon venture Loon

OAKLAND, Calif. (Reuters) - Google parent Alphabet Inc announced on Thursday it is shutting down its internet balloon business Loon, saying "the road to commercial viability has proven much longer and riskier than hoped."

(Reporting by Paresh Dave; Editing by Chris Reese)

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