this post was submitted on 12 Aug 2023
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Verizon Fails Again, Shutters Attempted Zoom Alternative BlueJeans After Paying $400 Million For It (www.techdirt.com)
submitted 2 years ago by L4s@lemmy.world to c/technology@lemmy.world
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Verizon Fails Again, Shutters Attempted Zoom Alternative BlueJeans After Paying $400 Million For It::Pretty much every time Verizon wanders outside of its core competencies (operating telecom networks, lobbying to hamstring competition, undermining the most basic of regulatory oversight), the telco amusingly falls flat on its face. It's quite honestly starting to get a little weird. Whether it’s the company’s Go90 video streaming platform, its video joint venture with RedBox, its news website Sugarstring (which…

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[–] maporita@unilem.org 13 points 2 years ago (2 children)

You would think that Verizon had learned something from their purchase of AOL (2015) and Yahoo (2017) and subsequent 5B write-down but apparently not.

[–] TurboDiesel@lemmy.world 3 points 2 years ago

My tinfoil hat opinion is it's just strategic incompetence designed to dodge taxes somehow. Then again I'm a suspicious and cynical person. Could very well just be idiots.