Verizon floats sale of HuffPost - FT
https://seekingalpha.com/news/3507084-verizon-floats-sale-huffpost-ft
6 replies (most recent on top)
"Oath is home to the media, tech, and communication brands that 1 billion love and trust”
I keep getting emails and ads for the payout on that “trust”.
“ The Internet service company Yahoo! reported two major data breaches of user account data to hackers during the second half of 2016. The first announced breach, reported in September 2016, had occurred sometime in late 2014, and affected over 500 million Yahoo! user accounts.[1] A separate data breach, occurring earlier around August 2013, was reported in December 2016. Initially believed to have affected over 1 billion user accounts,[2] Yahoo! later affirmed in October 2017 that all 3 billion of its user accounts were impacted.[3] Both breaches are considered the largest discovered in the history of the Internet. Specific details of material taken include names, email addresses, telephone numbers, encrypted or unencrypted security questions and answers, dates of birth, and hashed passwords.[4] Further, Yahoo! reported that the late 2014 breach likely used manufactured web cookies to falsify login credentials, allowing hackers to gain access to any account without a password.[5][6][7]”
Get rid of them!!!
I heard Charmin is interested
"Oath is home to the media, tech, and communication brands that 1 billion people love and trust."
Hey HuffPost..
The thrill is gone
It's gone away for good
The thrill is gone baby
It's gone away for good
BBK
Buy high and sell low. Thats Verizons business stratedgy.
AOL paid about $300 million for it. At the time Verizon bought AOL, I think it was reported that they could have gotten north of $500M for it if it was sold. My guess is that they get something in the $30 to $40M range for it. This is indicative that the changes (layoffs) that they made earlier this year are simply not working. Look for worsening revenue growth in the media segment. Also no coincidence that this comes out before earnings are released next week. It is good that they continue to shed this stuff as it does not make money among other reasons.