Tag: alphabet
Google Cloud lost $5.6B in 2020
Google continues to bet heavily on Google Cloud, and, while it is seeing accelerated revenue growth, its losses are also increasing. For the first time today, Google disclosed operating income/loss for its Google Cloud business unit in its quarterly earnings today. Google Cloud lost $5.6 billion in Google’s fiscal year…
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Daily Crunch: Alphabet shuts down Loon
Alphabet pulls the plug on its internet balloon company, Apple is reportedly developing a new MacBook Air and Google threatens to pull out of Australia. This is your Daily Crunch for January 22, 2021. The big story: Alphabet shuts down Loon Alphabet announced that it’s shutting down Loon, the project…
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Alphabet will ‘wind down’ Loon’s internet-broadcasting balloons
In 2013 Google shocked us by announcing Project Loon, an effort to distribute wireless connections from balloons floating 20km above the Earth. Now, as first reported by Wired, Google’s parent company Alphabet is pulling the plug on it, apparently be… Source
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Alphabet shuts down Loon internet balloon company
Google’s parent firm, Alphabet, is done exploring the idea of using a fleet of balloons to beam high-speed internet in remote parts of the world. The firm said on Thursday evening that it was winding down Loon, a nine-year-old project and a two-and-a-half-year-old spin off firm, after failing to find…
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Daily Crunch: Hundreds of Google and Alphabet employees unionize
Google employees take another step in their activism, Venmo adds a check-cashing feature and Slack has some issues. This is your Daily Crunch for January 4, 2021. The big story: Hundreds of Google and Alphabet employees unionize More than 200 employees at Google and its parent company Alphabet have announced…
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Alphabet’s Wing argues new US drone rules will hurt privacy
Alphabet’s Wing is less than thrilled with the FAA’s new rules for drone ‘license plates,' and it’s pushing for significant changes. Reuters and The Verge report that the drone delivery company has attacked the rules for remote IDs, warning that they… Source
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