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Just trying to understand the competition and out of pure curiosity. What are all of these companies and what is their relationship with one another? Does anyone at these companies even know??? If Verizon Media cuts 7 % does that impact Verizon Wireless or Oath? It seems like a cluster fuck. Please explain. haha.
Oath, which was the umbrella for Yahoo and AOL, has become Verizon Media. This isn't just a name change, it's marks a deeper integration of Yahoo+AOL into Verizon. The 7% cut is at Verizon Media; the other two Verizon divisions (consumers and business) remain unaffected.
Verizon had 11000 cut about a month ago. "Voluntary", but still...
They're their own businesses under the Verizon umbrella. There are about six different units in total
They just moving musical chairs around to simulate meaningful activity. If business is failing and talent running out of the door it doesnt matter how you call it - Yahoo, Oath (worst name ever) or VZ Media. IT WILL STILL FAIL.
Tim Armstrong used to be an ass claiming full ownership and authority over AOL +Yahoo. This meant, no one in Vz ( the owner of Oath) could make use of any assets or collaborate with these entities. Also, Vz execs for some reason learned over time that when they overcontrol these acquired companies, we burn them to ground. So, it is wise to have their independence. But ideal situation lies somewhere in the middle. For that reason, Tim's ass has been swooped, oath is now vz media and they should serve the mothership as vz had given enough time and poured billions to let Tim/Marni prove that they are worthy of it. But they failed. Hence, they just lost their VC backed kind of culture. If Vz gets its way, they will either cure this puppy or put it to death in next 2-4 years. Yahoo has some good talent, so hope is things will improve without risking too much.
Btw, interested in how TMO +Sprint marriage fares. Will it be hard for TMO to swallow Sprint and repeat Sprint+Nextel saga all over or not.
As always, Verizon overpaid for the VZ Media assets and managed them poorly. They would have been better off to take that money and provide discounts for wireless customers to try and stem them from leaving to go to T-Mobile. Lowell should have stock reclaimed for wasting billions on another failed experiment.
He was under Marni's magic spell. Couldn't get out of that hypnotism.
Verizon is ☂️ Before: Oath.Yahoo = me 👨💻 Now: Verizon.VerizonMedia.Yahoo = me 👨💻