Home » General World News » Alphabet says Loon and Wing are ready to become real businesses, but it’s impossible to know if any of its ‘other bets’ are paying off (GOOG)

Alphabet says Loon and Wing are ready to become real businesses, but it’s impossible to know if any of its ‘other bets’ are paying off (GOOG)





Alphabet CEO Larry Page, 2015

  • Alphabet announced that Wing and Loon, two projects developed by its X research lab, have now graduated to being full businesses in its “other bets” category.
  • The move means the company thinks their technical problems are solved and it’s time for them to develop as businesses.
  • That’s potentially good news for investors, but it’s hard to know just what to make of it.
  • Collectively, Alphabet’s other bets have been losing billions of dollars each year and dragging down the company’s earnings.
  • But because the company offers no details on the individual results of its other bets companies, it’s impossible for outsiders to assess which read more >>>

    Source:: BusinessInsider.Com

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