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“#Alphabet bursts its balloon-powered internet plans” Alphabet’s moonshot idea of beaming internet connectivity from giant balloons is floating back down to earth. The Google parent company announced that it’s shutting down the Loon project because the business model is unsustainable. “The road to commercial viability has proven much longer and riskier than hoped,” said Astro Teller,…
“#Why Airbnb’s incredibly successful IPO was a maverick move” In early 2020, Airbnb’s management announced that to address the slowing growth in sales, it wanted to scale back ancillary activities and focus on the company’s core strength of mid-range and budget short-term rentals. This was just before COVID-19 stopped the travel and leisure industry in…