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0 0.000665732305536082 -3.50385423968036E-05 0.000700770847932686 0.000981079187105721 -0.000560616678346268 -0.000700770847932885 -0.00206026629292229
Stock impact report

Verizon says its media business is essentially worthless [CNN]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: CNN
JUST WATCHED Timeline: The rise and fall of Yahoo MUST WATCH (12 Videos) New York (CNN Business) Verizon just admitted that its media business, Oath, is essentially worthless. Verizon ( VZ ) announced Tuesday that it would take a $4.6 billion writedown on its the media unit, which includes Yahoo and AOL. Oath is now worth just $200 million, according to Verizon. That's a stunning decrease in value since it formed in 2017. Verizon said Oath was worth $4.8 billion when it last accounted for the company's goodwill valuation. The telecommunications giant said the integration of Yahoo and AOL didn't meet expectations. Read More Oath has experienced increased competitive and market pressures throughout 2018 that have resulted in lower than expected revenues and earnings, according to a filing with the SEC Tuesday. Facebook, Google and Amazon are sucking up ad dollars, forcing publishers to search f Show less Read more
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