| To: Eric L who wrote (1811) | 6/11/2020 6:01:50 PM | | From: Ms. Baby Boomer | | | | >>AT&T, formerly Verizon, formerly GTE Byron Nelson Golf Tournament...
Sorry Moi confused U Eric, corporate golf tournament sponsorships...
LIVE PGA Golf Tournaments R back with COVID-19 restrictions which should be interesting to watch...
With the corporate merger of Bell Atlantic and GTE, Moi came from GTE, and Mr. Seidenberg from Bell Atlantic...
Ivan retired from Verizon Communications, which is the parent corporation...
The Verizon story is in the narrative of this subjectboard for reference....
Cassandra |
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| From: Ms. Baby Boomer | 6/26/2020 12:18:58 PM | | | | | | Facebook ad boycott for July
connects with another big name:
wireless giant Verizon...
Verizon has joined the list of major companies pledging to halt advertising with Facebook for the month of July to protest hate speech on the social media platform.
The addition of Verizon, the telecommunications giant, bolsters the list of companies that also includes Eddie Bauer, the U.S. clothing store chain, and Ben & Jerry's, the ice cream maker, along with The North Face, Patagonia, REI, Mozilla and Upwork among about 100 companies said to be committed.
The boycott idea was launched June 17 by the #StopHateForProfit campaign, which includes the NAACP, Anti-Defamation League, Sleeping Giants, Color of Change, Free Press and Common Sense...
usatoday.com
Have a nice weekend....
Cassandra |
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| From: Ms. Baby Boomer | 5/3/2021 11:33:28 AM | | | | | | Verizon to offload Yahoo,
AOL for $5 billion...
Verizon Communications Inc (VZ.N) is getting rid of its media businesses that include iconic brands Yahoo and AOL for $5 billion, ending an expensive and unsuccessful run in the media and advertising world.
Despite spending more than a decade and billions of dollars building a stable of internet brands, the New York-based telecom company has struggled to make headway in a highly competitive internet advertising space dominated by Facebook Inc (FB.O) and Google.
Having written $4.6 billion off the value of the businesses in 2018, Verizon will get just $4.25 billion in cash from private equity firm Apollo Global (APO.N), along with preferred interests of $750 million and a 10% stake in the unit - about half of what it had paid for the businesses.
The move concludes a steady drip of deals which saw Verizon sell blogging platform Tumblr in 2019 for an undisclosed sum and news website HuffPost to BuzzFeed last year.
The unit, which was previously named Oath and recently renamed Verizon Media, will now be called Yahoo when the deal closes around the second half of 2021 and continue to be helmed by Guru Gowrappan.
For Apollo, the deal comes at a time when the big internet platforms have sewn up huge portions of the digital advertising market, drawing regulatory scrutiny over their practices.
Reuters reported that Verizon sought buyers for Yahoo Finance in 2019, and some industry estimates had valued that business alone at around $2 billion.
That compares to the roughly $4.48 billion Verizon spent on Yahoo in 2017, betting its 1 billion-plus users would be a fertile audience for online ads. It acquired email service AOL for $4.4 billion in 2015.
Verizon Media's portfolio also includes online brands such as TechCrunch, Makers, Ryot and Flurry, according to its website. It reported revenue of $1.9 billion in the first quarter of 2021....
reuters.com
M |
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| From: therealtiger | 5/10/2021 12:33:50 AM | | | | | | | Can they beat At&t ? in terms of debt and revenue ? whats the future of att and verizon who will win in the future and who will have more benefits verizon shareholders or att shareholders ? |
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| To: therealtiger who wrote (1818) | 5/10/2021 7:42:03 AM | | From: John Hayman | | | | Good question? They are both in an industry that has a product that most people want, but their success in the industry depends on not screwing up !!! T has made some really bad investments, and debt is a problem. I guess V is in the same boat. They both need some good leadership, will they get it ???
I own both of them for their dividend, but I watch them for debt and stupid investments like a hawk.
John |
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