Alphabet's (NASDAQ: GOOGL) (NASDAQ: GOOG) Sidewalk Labs has decided to abandon an effort to build a high-tech neighborhood in Toronto. The New York-based subsidiary invested $50 million to develop a 1500-page master plan for a so-called "smart city" located on the Toronto waterfront. Sidewalk Labs, which had invested $50 million in the project, blamed its cancellation on COVID-19. Read More...
Sidewalk Labs Walks Away From Toronto Smart City Project
Alphabet’s (NASDAQ: GOOGL) (NASDAQ: GOOG) Sidewalk Labs has decided to abandon an effort to build a high-tech neighborhood in Toronto. The New York-based subsidiary invested $50 million to develop a 1500-page master plan for a so-called “smart city” located on the Toronto waterfront. Sidewalk Labs, which had invested $50 million in the project, blamed its cancellation on COVID-19.
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