Browsing: Alphabet

Alphabet is killing off Loon

Google parent Alphabet is shutting down its Internet balloon business, Loon, which aimed to provide a less expensive alternative to cellphone towers, saying on Thursday that it was not commercially viable.

Is the US tech rally over?

Investors are weighing how big to go on US technology stocks in the coming year, as pricier valuations, regulatory risks and a revival of the market’s beaten-down names threaten to dim their allure.

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