Moonshot cull
Alphabet has made its first closure of a "moonshot" project since founders Sergey Brin and Larry Page took a back seat at the end of last year. The victim: Makani, the Google parent's power-generating-kite venture. Losses in Alphabet's "Other Bets" segment are mounting, so CEO Sundar Pichai is under pressure to get rid of the relative duds. Financial Times
Alphabet has made its first closure of a "moonshot" project since founders Sergey Brin and Larry Page took a back seat at the end of last year. The victim: Makani, the Google parent's power-generating-kite venture. Losses in Alphabet's "Other Bets" segment are mounting, so CEO Sundar Pichai is under pressure to get rid of the relative duds. Financial Times