Verizon disclosed that it took a $186 million write-down on its media business, which is made up of the former Yahoo and AOL businesses, as it continues to struggle to turn the division around. This marks the second impairment charge the company has taken on the business, following a $4.6 billion writedown in 2018. Revenue for the unit was flat year over year at $2.1 billion, which the company...
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Where Social Media’s GameStop Surge Could Lead: The Information’s Tech Briefing
There’s no doubt the current stock market hysteria over GameStop and the like will come to a bloody end. The real question is whether the craziness, fueled by social media sites like Reddit and Discord and stock trading app Robinhood, leads those companies to clamp down on stock debate or trading. Media post-mortems are sure to blame those companies—which reportedly also include...
Ant Group Plans Major Revamp Amid Beijing’s Pressure
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