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Alphabet’s Loon Set for 4G Commercial Trials in Kenya

Loon, the Alphabet subsidiary that uses high-altitude balloons to bring cellular internet service to remote areas, is poised to launch its first commercial trials in Kenya, Reuters reported . This is an important milestone for Loon, a project Google launched in 2011 that has always seemed like one of its more futuristic “mooonshots” and which has overcome numerous technical and regulatory...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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