Alphabet Google Sheds Letters
January 13, 2017
I read “Alphabet Said in Talks to Sell Skybox Satellite Business.” if true, believers in Alphabet Google’s ability to generate new ideas from acquisitions can embrace Loon balloons. According to the write up:
In June 2014, when Google acquired Skybox, the search giant said its equipment would help keep Google Maps accurate with up-to-date imagery. It also hoped to use the technology to improve internet access and disaster relief. The division operated within Google’s mapping business and it launched a small number of satellites, each about the size of a refrigerator. Alphabet seems to be switching from a strategy of developing its own satellite businesses to investing in other companies pursuing similar goals. The Skybox sale to Planet is an equity transaction, which means Alphabet will own a stake in the latter startup, according to some of the people familiar with the situation.
Net net according the the “real news” source:
Alphabet curbs plans for global internet satellite network.
Ah, Alphabet Google. After 15 years, one revenue stream. Let’s hope that one trick pony is keeping up with its vitamins.
Stephen E Arnold, January 13, 2016
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