![\"Alphabet](\"http:\/\/static1.businessinsider.com\/image\/596fb390552be5ad008b5453-2000\/jeff-chiu-ap.jpg\")
Jeff Chiu\/AP<\/p>\n<\/p>\nJeff Chiu\/AP<\/p>\n<\/p>\n
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.
\nThe move means the company thinks their technical problems are solved and it’s time for them to develop as businesses.
\nThat’s potentially good news for investors, but it’s hard to know just what to make of it.
\nCollectively, Alphabet’s other bets have been losing billions of dollars each year and dragging down the company’s earnings.
\nBut because the company offers no details on the individual results of its other bets companies, it’s impossible for outsiders to assess which have potential and which are dogs. <\/p>\n
Loon and Wing can no longer be considered loony or wing nut ideas.<\/p>\n
Now, whether either of them will ever make any money for parent company Alphabet, or were worth what it invested in them is still anyone’s guess.See the rest of the story at Business Insider<\/a><\/p>\n NOW WATCH: A diehard Mac user switches to PC<\/a><\/p>\n See Also:<\/p>\n The company formerly known as Google is far bigger than most people realize<\/a>Alphabet says 2 of its ambitious side projects are ready for the big leagues<\/a>A Wall Street analyst says Google has 2 different choices for its car spinoff, and one of them could make Waymo a $180 billion company<\/a><\/p>\n SEE ALSO: Waymo’s CEO says self-driving cars are ‘really close’ to being ready for the road \u2014 but plenty of challenges remain<\/a><\/p>\n<\/img><\/a>
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