Nostr

One company that has done an admirable job of balancing on a knife edge between Stein and Keynes is #Verizon, a monopoly #telecoms firm that has proven that a business can remain large, its products relied upon by millions, its stock actively traded and its market cap buoyant, despite manifest, repeated incompetence and waste on an unimaginable scale.

Cory Doctorow 2y ago

This week, Verizon shut down #Bluejeans, an also-ran videoconferencing service the company bought for *$400 million* in 2020 as a panic-buy to keep up with #Zoom. As they lit that $400 mil on fire, Verizon praised its own vision, calling Bluejeans "an award-winning product that connects our customers around the world, but we have made this decision due to the changing market landscape":

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