Facebook and Google grab headlines for their roles in the massively profitable “personal data economy.” You know, the business of buying and selling your personal browsing habits to advertisers, pollsters, and other deep-pocketed third parties.
But cell phone companies deserve some attention, too.
A lot of people want to quit their jobs at Verizon, and that’s a really good sign for the economy.
In a drive to cut costs and shift investments as it rolls out 5G service, the company announced on Monday that 10,400 management employees had accepted voluntary buyout deals, out of 44,000 who were eligible.
That might have been partially due to the fact that the terms of severance were generous, at three weeks of pay for each year of service, capped at 60 weeks.
But it’s likely there’s a larger factor at play: The unemployment rate is now 3.7%, compared to 5.8% when Verizon last offered buyouts, meaning those workers figure they have a good chance of taking the money and finding another job.
As an up-and-coming actress-comedian, Laura Clery spent more than a year doing “free work,” posting on Facebook every day without fail, building an audience for her sketches, characters and video blogging.
Those days are over, as Clery is now one of the first digital influencers to take part in Facebook’s new revenue-sharing program, while also in discussions to make original content for the social media behemoth.
With her 3.1 million Facebook followers, dwarfing what she’d amassed on YouTube, Clery is part of the current crop of internet stars that’s set off a talent grab by Facebook, YouTube and other distribution platforms and brands like AT&T and Verizon’s go90.
“Google’s next step is simple: they must acknowledge that they cannot grade their own homework.”
That’s one top media agency executive’s take on the scandal that has threatened to engulf the search and video giant over the past few days after AT&T, Verizon, J&J and pharma giant GSK became the latest big brands to pull all advertising from YouTube over disagreements on controversial content—including videos supporting terrorist groups like ISIS.
Verizon has brought back its unlimited data plan. That’s great if you’re a Verizon customer. But it is terrible news for its investors.
Verizon (VZ, Tech30) stock fell nearly 1.5% in early trading Monday. It’s now down about 10% so far this year, making it the Dow’s worst performer of 2017.
Verizon’s move is a clear sign the company has to pull out all the stops to remain competitive with wireless rivals AT&T (T, Tech30), Sprint (S) and T-Mobile (TMUS).
“In recent months, both T-Mobile and Sprint had some success taking additional share from Verizon by virtue of their unlimited offerings,” wrote Morgan Stanley analysts in a report Monday morning.
Verizon Communications Inc. today announced it has entered into an agreement to acquire Yahoo! Inc. for $4.83 billion. The acquisition only includes Yahoo’s core operating business, not its more valuable assets: Yahoo Japan and its $41 billion stake in Alibaba, the Chinese ecommerce company.
This is not the first time Verizon purchased an aging Internet giant. Last year, the company picked up AOL for $4.4 billion.
“The addition of Yahoo to Verizon and AOL will create one of the largest portfolios of owned and partnered global brands with extensive distribution capabilities,” says the announcement.
The purchase gives Verizon access to Yahoo’s more than 1 billion monthly users — 600 million of whom are mobile users — which is most likely what piqued its interest in the first place.
INDIANAPOLIS (May 12, 2015) – The state resolved “cramming” cases against two major mobile phone carriers as part of a multi-state settlement with Sprint and Verizon.
The mobile carriers were accused of putting unauthorized charges on customers’ cell phone bills. The state announced a similar settlement last year with AT&T and T-Mobile. As a result of the latest settlement, an estimated 750,000 Hoosiers may be eligible for refunds.
Indiana is joined by the attorneys general of the other 49 states and the District of Columbia, the Consumer Financial Protection Bureau and the Federal Communications Commission (FCC).
Being locked in for two years was basically the norm for mobile contracts, but the changing landscape of the industry is forcing companies to reassess this model.
While T-Mobile and its brash CEO might have made the most noise with its Uncarrier marketing, others are following suit. Count Verizon as being the latest to do so.
Starting August 13, Verizon stopped subsidizing phones, and its newest price plan will kick in by offering four pricing tiers for data allocation:
Small: $30/month for 1GB of shareable data
Medium: $45/month for 3GB of shareable data
Large: $60/month for 6GB of shareable data
X-Large: $80/month for 12GB of shareable data
AOL, the firm which told you “you’ve got mail” and delivered more CDs to your door than Amazon, is being bought by Verizon.
The deal values AOL at $4.4bn (£2.8bn), a long way from the mammoth $222bn price tag the company attracted 16 years ago during a boom in the share prices of technology firms.
AOL started life as Quantum Computer Services, which first provided an online service for the Commodore 64 computer system in 1985.
The company built up its position as one of the largest internet providers, gobbling up browser company Netscape and competitor CompuServe.
Then came AOL’s purchase of Time Warner in a deal valued at more than $160bn in 2000. Nine years later, Time Warner reversed the acquisition and AOL began to reinvent itself as a media company with former Google advertising executive Tim Armstrong at the helm.
Verizon has apparently hit a snag with regard to its efforts aimed at cord cutters. The cable TV provider recently introduced a way to purchase TV channel packages via à la carte bundles. But today, ESPN filed a breach-of-contract lawsuit against which argues that Verizon’s move to break out ESPN’s channels into a separate sports tier that isn’t a part of the core package is not authorized by existing contracts.
ESPN had previously declared its unhappiness with Verizon’s new channel packages earlier this month, shortly after they went live for Verizon’s cable customers. The network a little over a week ago released a statement which claimed that Verizon didn’t have the right to release packages that removed ESPN from the core lineup.
With its new “cord cutter” bundles, Verizon is offering a $59.99 base package which consumers can add extra content on top of, as they choose.
According to Verizon, these TV packages are aimed at offering traditional cable subscribers more options when it comes to constructing the sort of channel lineup they want. It’s meant to stave off those who would otherwise want to drop their cable TV subscriptions entirely, or drop down to basic cable in an effort to save money.