Report: Facebook Probably Will Not Launch Internet Satellites After All

Facebook's $1 billion satellite project has reportedly been scrapped.

Facebook's secretive, ambitious plans to build satellites that would bring Internet service to the world's poorest countries has reportedly been cancelled. Amir Efrati of The Information reports Facebook is canceling its plan to launch a satellite, which could have cost as much as $1 billion. No sources are named for the story, but The Information says the news came from a person with direct knowledge of the project and another individual briefed about it.

Read Full Story