Tag Archives: Verizons

Welcome to The Long View—where we peruse the news of the week and strip it to the essentials. Let’s work out what really matters. This week: Verizon fined for allegedly spreading disease, Bolt Financial repeats the mistakes of the past, and the founder of Yandex resigns. 1. NY AG vs. VZ: FIGHT! First up this week: Another summer, another outbreak of Legionnaires’ disease in New York. The state’s Attorney General, Letitia James, has some harsh words to say about the maintenance record of… Source link

Earlier this week, Verizon announced it is selling AOL and Yahoo to private equity group Apollo for a hefty $5 billion, backing off its foray into media and advertising technology (adtech) and retrenching to its core competence as a mobile telco. This news should come as no surprise.  When Verizon acquired AOL in 2015 and then Yahoo in 2017 for approximately $9 billion combined, the industry reaction was mixed (and rightly so):  Pro: Verizon getting into the media business was a sign… Source link

Remember the ‘90s? Photo: Laura Cavanaugh/2015 Getty Images On Tuesday, Verizon announced that it would be selling Yahoo and AOL. On the latest Pivot podcast, Kara Swisher and Scott Galloway discuss why it was never logical for the telecom giant to dabble in media and whether Yahoo was sold for less than it’s actually worth. Kara Swisher: Verizon… Source link

The Oracle of Omaha has become a streaming star. Warren Buffett, whose Berkshire Hathaway conglomerate’s moves are closely followed by the investment community, presides over the company’s annual meeting each spring. While every company has a shareholder event, Berkshire’s is something different. With 40,000 fervent attendees, it is equal parts financial forum, convention, rally and county fair. Held in non-pandemic times in the company’s Nebraska home base Omaha, it yields… Source link