Verizon isn't just bad at being a phone company that does non-phone-company things - it's *incredibly* bad at being a phone company, too. As Bode points out, Verizon's only real competency is in capturing its regulators at the FCC:
And sucking up *massive* public subsidies from rubes in the state houses of New York:
https://www.techdirt.com/2017/03/14/new-york-city-sues-verizon-fiber-optic-bait-switch/
New Jersey:
and Pennsylvania:
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Despite all this, and vast unfunded liabilities - like remediating the population-destroying lead in their cables - they remain solvent:
Verizon has remained irrational longer than any short seller could remain solvent.
Short-sellers - who bet against companies and get paid when their stock prices go down - get a bad rap.
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Billionaire shorts were the villains of the #Gamestop squeeze, accused running negative PR campaigns against beloved firms to drive them under and pay their bets off:
https://pluralistic.net/2021/01/30/meme-stocks/#stockstonks
But shorts can do the lord's work. Writing for *Bloomberg*, #KathyBurton tells of #NateAnderson, whose #HindenburgResesearch cost some of the world's wealthiest people over $99b by publishing investigative reports on their balance-sheet shell-games just this year:
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