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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	7/26/2016 3:27:37 PM
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With Yahoo Deal, Verizon Sets Sights on Facebook, Google Verizon Communications Inc. is gunning for Facebook Inc. and Alphabet Inc.’s Google. Its $4.83 billion deal to acquire Yahoo Inc. announced Monday will allow the nation’s biggest wireless carrier to become a meaningful player in the digital media industry, which could be as large as $180 billion by 2020, CEO Lowell McAdam said. “Verizon intends to be a significant player in this space,” Mr. McAdam said on a conference call. The carrier is hoping that pairing Yahoo’s one billion monthly active users with its own 113 million subscribers will create a new growing revenue stream at a time when its core business is slowing. On Tuesday, Verizon reported slowing retail postpaid subscribers and a 5.3% revenue decline for the quarter ended June 30. It was the first quarterly drop in revenue since 2010. wsj.com

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