Browsing: Alphabet

Two decades ago, the world’s biggest software maker was in the US government’s antitrust crosshairs for its business practices surrounding its operating system monopoly. Things are different now.

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.

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.