Loon should have been an out-of-this-world experience that transmits internet connection using a balloon service to humans, but Google's Alphabet has scrapped that venture and project due to unforeseen costs. The ventures of Google's parent company, Alphabet, has not been doing well with regards to its past performance as several projects did not come to fruition.
The almost 16-year venture of the company shuts down now before it has even launched its balloon internet-beaming services to a full-time and stable connection to the said remote areas of the world. However, this was not the only loss Alphabet has incurred for the recent time, reporting to observe more companies and ventures to close.
According to CNBC, Alphabet shut down its wind power-generating company which makes use of gigantic kites last 2020. The experimental business is called "Makani" and also lists a high-risk business that has been doomed due to enormous costs and little profit to take back or receive from the venture.
Despite the shutdown, Alphabet and Loon consider this farewell, not as a "failure" on both their parts, rather the circumstances that surround the business.
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Written by Isaiah Alonzo
