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Google Loon Becomes First Casualty of Elon Musk’s SpaceX Starlink

Posted by Staff Writer on January 23, 2021 in Technology News Site | Views

By Ndubuisi Ekekwe Good night, Google Loon: “The Google’s balloon-internet project aimed at providing internet services for the underserved is getting shut down. The subsidiary announced the project is winding down because it’s no longer sustainable”. Blame Elon Musk’s Starlink for this. As we teach in our Tekedia Mini-MBA innovation course, when a company sets a new basis of competition, incumbents could just lose hope and give up. That is what happened here: Loon has no future and any product…

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Source:: Tekedia

      

Posted in Technology News Site | Tagged Canada, europe, North America, Technology News

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