#Vcast, 2005-2012, yet *another* failed streaming service (pray that someday you find someone who loves you as much as Verizon's C-suite loves doomed streaming services):
https://venturebeat.com/media/verizon-vcast-shutting-down/
And the daddy of them all, #Oath, Verizon's 2017, $4.8b acquisition of Yahoo/AOL, whose name refers to the fact that the company's mismanagement provoked involuntary swearing from all who witnessed the $4.6 billion write-down the company took a year later:
9/
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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