Alphabet (GOOGL) shuts down cell tower alternative Loon

Google’s parent company Alphabet Inc‎ (NASDAQ: GOOGL) ‎ is shutting Loon after concluding that the idea behind Loon was viable but not anymore. Founded in 2011, Loon aimed to bring connectivity around the world by using balloons and solar-powered networking gear instead of the traditional cell towers, which many deem too expensive. For, many years […]