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Telecom stocks have languished amid the market's broad rally, except for T-Mobile stock. Will second-quarter earnings from industry behemoths change investor sentiment for the better?
The telecom stock has lost ground this year, but the company's business still looks pretty resilient.
While AT&T (T) powers the private cellular network of Phillips 66, Verizon (VZ) initiates more customer engagements in the Shark Experience platform.
What you need to know: Virtualized and containerized 5G core an important step to realizing the full potential of innovative and advanced 5G solutions, leading to greater.
What you need to know: Companies in fourth cohort will focus on 5G-enabled solutions to common challenges along the typical EMS/patient journey5G’s fast speed, massive.
Yahoo Finance speaks with NAACP CEO Derrick Johnson about Facebook's misinformation problems.
Battered by hundreds of advertisers boycotting content on its platform this month, Facebook Inc.'s apparent losses have led to stock gains for rival social media companies. Shares of Snap Inc. were up 5% in late-morning trading Wednesday, and is up 56% in 2020. Twitter Inc. shares, meanwhile, have advanced 6%, pushing it up 10% this year. Facebook's stock is down 1%. Facebook executives, including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg, met with boycott organizers late Tuesday amid an advertising pause from Coca-Cola Co. , Verizon Communications Inc. , Starbucks Corp. , and Unilever [s:UL].
While investors may not be viewing market conditions as volatile after the recovery that has sent the S&P 500 41% above its March lows, markets still are choppy.
Also, a whole £10m is going into supply chain ESG improvements, an ethical specialist consultant is being drafted in to do some Powerpoints about the internal audit structures and there’s a promise to appoint two more Noddies. Well there we go.
Global stocks faltered on Wednesday as an increase in new coronavirus cases in some parts of the world undermined prospects for a quick economic recovery. London-listed HSBC shed 4% after Bloomberg reported that U.S. President Donald Trump's top advisers weighed proposals to undermine the Hong Kong currency's peg to the U.S. dollar.
Nokia, battling with China's Huawei and Sweden's Ericsson, is trying to strengthen its 5G slate and looking especially to deployment by U.S. telecom companies for growth. Overnight, JP Morgan downgraded Nokia to "neutral" from "overweight", citing a potential loss of business with Verizon. "We believe that there is a real risk Verizon will depend less on Nokia as their primary RAN (radio access network) supplier going forward," JPM said in a note, adding there were signs Verizon was using Samsung.
(Bloomberg) -- Civil rights organizations criticized Facebook Inc. following a meeting with top executives Tuesday, claiming the company hasn’t taken seriously demands to better police its service from hate speech and misinformation.“Facebook approached our meeting today like it was nothing more than a PR exercise,” Jessica González, co-chief executive officer of Free Press, a non-profit media advocacy group, said in a statement following the meeting. “I’m deeply disappointed that Facebook still refuses to hold itself accountable to its users, its advertisers and society at large.”Facebook CEO Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg also met with members of the NAACP, the Anti-Defamation League and Color of Change, who have organized a boycott of the company’s advertising products in seeking to prompt change. The executives didn’t “commit to a timeline” to remove disinformation and hate speech, Gonzalez said, but instead “delivered the same old talking points to try to placate us without meeting our demands.”“The meeting we just left was a disappointment,” said Rashad Robinson, president of Color of Change, on a call with reporters.The forum, which lasted about an hour and was held over video conference, was intended to be a venue to discuss proposed solutions to making the Facebook platform less toxic, such as adding executives with civil rights experience to its top ranks and fact-checking political speech, among other changes.“Today we saw little and heard just about nothing,” said Jonathan Greenblatt, CEO of the Anti-Defamation League, who was in the meeting. “The company is functionally flawed.”Since the groups called for the boycott, hundreds of advertisers, including well-known brands such as Unilever NV, Verizon Communications Inc., and Coca-Cola Co., have announced plans to pull advertising from Facebook’s properties over criticism the company doesn’t do enough to police user content. As the boycott grew, Facebook approached the civil rights organizations about a meeting, though the groups refused to meet without Zuckerberg in attendance.“They want Facebook to be free of hate speech and so do we,” Facebook said in a statement following the meeting. The company pointed to efforts it has made in recent years, including a mention of an audit of its policies and practices and noting that it has spent billions of dollars building systems to police its service. “We know we will be judged by our actions not by our words and are grateful to these groups and many others for their continued engagement.”Facebook has defended its attempts to fight hate speech and voter suppression in emails and phone calls with advertisers, talking up the company’s automated systems which find and remove these kinds of posts automatically. The company has also highlighted a voter registration initiative through which it hopes to register 4 million voters before the 2020 election.Greenblatt described Facebook’s claim that it catches 89% of hate speech automatically as an unacceptable number. “The Ford Motor Co. can’t say that 89% of our fleet has seatbelts that work,” he said, adding that it would require a recall. “Maybe it’s time we recall Facebook Groups? Maybe it’s time we recall the News Feed?”Another topic of discussion on the call was the civil rights audit of Facebook’s policies, which the company first started in mid-2018. Facebook, which has said it will publish the full report Wednesday, previewed some of the results with the civil rights groups during the meeting. The audit was carried out by a third party, meaning the results are independent of Facebook, but also that they are less likely to lead to change, Robinson said.“What we get is recommendations that they end up not implementing,” he added. Facebook will make some changes to add “long term civil rights infrastructure” to the company, but Robinson said the details were still “unclear.”What was clear from the outset was that the two sides wouldn’t likely come to a resolution on Tuesday. In a post before the meeting started, Sandberg acknowledged that Facebook needs to do more to fight hate speech, but also said that the company is unlikely to implement all the recommendations from the civil rights audit.The civil rights groups said that their fight with Facebook is far from over. “I believe this campaign will continue to grow,” Greenblatt said. “It will get more global, it will get more intense until we get the answers that I think we are looking for.”(Updates with more details from meeting starting from sixth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In the latest trading session, Verizon Communications (VZ) closed at $55.04, marking a -0.36% move from the previous day.
New York City Mayor Bill de Blasio said on Tuesday the city would invest $157 million to expand high-speed internet service to low-income residents as part of a plan to offer universal broadband services to New Yorkers. The service would target 600,000 low-income residents, and to pay for it, de Blasio said the city would charge internet services providers for using the city's infrastructure. Over the next 18 months, the financially strapped city would fund the expansion of broadband service in part by diverting $87 million from the police budget, which is being cut, de Blasio said.
If you are looking for the best ideas for your portfolio you may want to consider some of Mott Capital's top stock picks. Mott Capital, an investment management firm, is bullish on Verizon Communications Inc (NYSE:VZ) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its […]
The Galaxy A71 5G UW is the most affordable way to access the power of Verizon’s 5G Ultra Wideband network. Purchase the Galaxy A71 5G UW for as low as $15 a month for 24 months on Verizon Device Payment with a new line of service on a premium Unlimited plan. Verizon preorders start July 9 and the Galaxy A71 5G UW will be widely available beginning on July 16.
Using Integrated Access Backhaul (IAB) Verizon can deploy 5G service while waiting for fiber to be installed. IAB technology along with portable power generators can be deployed on a temporary basis to create a totally self-contained mobile cell site, not reliant on commercial power or fiber connection, to support first responders when mobile cell sites are needed for search and rescue, disaster recovery or other critical situations. While this new technology can speed 5G deployments, fiber is still essential for networks.
Verizon (NYSE: VZ) recently announced a new promotion offering its higher-tier FiOS internet customers up to 12 months of Disney's (NYSE: DIS) Hulu for free. AT&T (NYSE: T) even explicitly told investors part of its go-to-market strategy for HBO Max is partnering with internet providers to bundle the streaming service with home internet. Comcast (NASDAQ: CMCSA) is trying to partner with other pay-TV providers to distribute Peacock, but Comcast's own internet-only subscribers also get free access.
Verizon Inc (NYSE: VZ) CEO Hans Vestberg said the company stopped advertising on Facebook Inc's (NASDAQ: FB) platforms after seeing ads appear next to inappropriate content.What Happened Talking to CNBC on Monday, Vestberg said that Verizon's decision to suspend advertising on Facebook and Instagram was not driven by politics but rather "a very high standard for our brands."Vestberg revealed why Verizon stopped the ads saying, "what happened was that certain things on Facebook that were appearing next to our content were not compliant with our standard agreements with Facebook. So we decided to pause and work with them to see how we can avoid this in the future."The CEO also disclosed that Verizon had ironed out similar issues with Alphabet Inc's (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube in 2017 to its satisfaction. Vestberg did not comment on what it wants Facebook to change. Why It Matters Verizon is the 88th largest advertiser on Facebook for 2019 and spent $23 million in advertising dollars on the platform last year, noted CNBC.The advertiser boycott of Facebook has grown since last month when Verizon stopped advertising on the company's social media platforms. Companies that support the boycott called by StopHateForProfit, a joint initiative of civil rights organizations or that have halted social media advertising include Starbucks Corporation, (NASDAQ: SBUX) Unilever N.V., (NYSE: UN), and Coca Cola Co (NYSE: KO)Last week, Facebook CEO Mark Zuckerberg said he will not change the company's policies or approach because of "a threat to a small percent of our revenue, or to any percent of our revenue."Price Action Verizon shares traded 0.18% higher at $55.34 in the after-hours session on Monday. The shares had closed the regular session 0.82% higher at $55.24.Image: VerizonSee more from Benzinga * Zuckerberg Tells Facebook Employees He's Not Going To Change Policies In Response To Advertiser Boycott(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Moody's Investors Service ("Moody's") assigned a B1 rating to the new unsecured notes maturing 2031 of CCO Holdings, LLC and CCO Holdings Capital Corp. (wholly owned subsidiaries of Charter Communications, Inc. (Charter)). Moody's expects the proceeds of the 2031 notes issuance, to be used, to fund potential buybacks of Class A common stock of Charter or common units of Charter Holdings, to repay certain indebtedness and to pay related fees and expenses, and general corporate purposes.
Verizon (VZ) is enabling more customer engagements in Shark Experience to help advertisers reach to a greater pie of consumers.
5G is the new wireless standard that promises lightning-fast, low-latency wireless communications that will usher in a new era of futuristic technology applications. Three of the best-positioned 5G stocks that still trade at attractive valuations include wireless carrier T-Mobile (NASDAQ: TMUS), leading chip manufacturer Taiwan Semiconductor Manufacturing (NYSE: TSM), and memory chip giant Micron Technology (NASDAQ: MU), all of which look like solid 5G plays to add to your portfolio this summer. Probably not, which is why T-Mobile looks so compelling today.
(Bloomberg) -- Here’s a list of companies that are planning to halt spending on social media. Some have joined a boycott of Facebook Inc. after critics accused the social network of inadequately policing hateful and misleading content on its platform:Harley Davidson Inc. -- The motorcycle maker said in an email it was pausing Facebook ads in July “to stand in support of efforts to stop the spread of hateful content.”Pernod Ricard SA -- The French distiller of Jameson whiskey and Absolut Vodka, which spends more than 1.5 billion euros ($1.69 billion) on advertising annually, is boycotting Facebook and some other U.S. sites through July 31 and working with partners on an app to help victims of online abuse.Daimler AG -- The Mercedes-Benz maker is pausing its paid advertising on Facebook platforms in July, while adding that it expects to the relationship to resume because it’s confident the social-media company will take “necessary steps.”Molson Coors Beverage Co. -- The brewer is choosing to pause advertising on Facebook, Instagram and Twitter while it reviews its own standards and ways to protect the brands and guard against hate speech, Chief Marketing Officer Michelle St. Jacques said in an internal email.Constellation Brands -- The maker of Corona beer and Kim Crawford wines is pausing Facebook ads for the month of July.Dunkin’ Brands Group -- The donut chain is temporarily pausing its paid media on Facebook and Instagram, a spokesperson says, adding that it’s in discussions with Facebook about efforts to stop hate speech and thwart “the spread of “racist rhetoric and false information.”Lego A/S -- Stopping all advertising on social media for at least 30 days to review its standards and will “invest in other channels” during that time.The Body Shop -- The beauty chain says it’s halting paid activity on all Facebook channels and asking the social-media company to enhance and enforce its content-moderation policies.Starbucks Corp. -- Pausing advertising on all social media platforms. Will post on social media without paid promotion.Microsoft Corp. -- Paused global advertising spending on Facebook and Instagram because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter.Unilever Plc -- Halting advertising on Facebook, Instagram and Twitter in the U.S. through Dec. 31.Volkswagen AG -- The ad stop on Facebook affects the direct ad accounts of the German manufacturer’s brands, including Porsche, Audi and Lamborghini. VW, its ad agencies and the Anti Defamation League will enter talks with Facebook over how to deal with hate speech, discrimination and false information, according to an emailed statement.Mars -- Starting in July, a pause on paid advertising globally across social-media platforms, including Facebook, Instagram, Twitter and Snapchat.Target Corp. -- Pausing ads on Facebook in July.Coca-Cola Co. -- Pausing advertising on all social media platforms.Clorox Co. -- Will stop advertising spending with Facebook through December.Conagra Brands Inc. -- Will stop advertising in U.S. on Facebook and Instagram through the rest of the year.Ford Motor Co. -- Halting U.S. social media for 30 days, won’t purchase social media ads for Bronco unveiling.Honda Motor Co. -- “For the month of July, Honda will withhold its advertising on Facebook and Instagram, choosing to stand with people united against hate and racism.” Acura, a Honda brand, said in a tweet that it was “choosing to stand with people united against hate and racism.”Hershey Co. -- Will halt spending on Facebook in July and cut its spend on the platform by a third for the remainder of the year, according to Business Insider.Diageo Plc -- Pausing paid advertising globally on major social media platforms beginning in July.PepsiCo Inc. -- Pulling ads on Facebook from July through August.Verizon Communications Inc. -- “We’re pausing our advertising until Facebook can create an acceptable solution that makes us comfortable and is consistent with we’ve done with YouTube and other partners,” said John Nitti, chief media officer for Verizon.SAP SE -- “We will suspend all paid advertisements across Facebook and Instagram until the company signals a significant, action-driven commitment to combatting the spread of hate speech and racism on its platforms.”Levi Strauss & Co. -- Pausing all paid Facebook and Instagram advertising globally and across all brands through July.Diamond Foundry Inc. -- Pulling all of advertising from Facebook, including Instagram, for the month of July.Patagonia Inc. -- Will pull all ads on Facebook and Instagram, effective immediately, through at least the end of July, pending meaningful action from Facebook.Viber Media Inc. -- The messaging service, owned by Japanese conglomerate Rakuten, plans to cut ties with the social network entirely, according to the Guardian.VF Corp. -- The North Face will pause ads on Facebook for the month of July. Vans, another VF brand, will also pull ad dollars from Facebook and Instagram next month, and said it will use the money to support Black communities through empowerment and education programs.REI -- “For 82 years, we have put people over profits. We’re pulling all Facebook/Instagram advertising for the month of July.”Upwork Inc. -- No Facebook advertising in July.Eileen Fisher Inc. -- Pulling ads from Facebook through July.Adidas AG -- Will stop ads on Facebook and Instagram internationally through July, according to Adweek.Puma SE -- Will stop all advertisements on Facebook and Instagram throughout July.Madewell Inc. -- Will pause ads on Facebook and Instagram through July.Pfizer Inc. -- Removing all advertising from Facebook and Instagram in July, calls on Facebook to heed the concerns of the StopHateForProfit boycott campaign “and take action.”Chipotle Mexican Grill Inc. -- To pause Facebook advertising beginning July 1, according to an email.Chobani -- The Greek-yogurt company paused all paid social-media advertising.Peet’s Coffee -- Paused advertising on Facebook.Sony Interactive Entertainment Inc. -- ”In support of the StopHateForProfit campaign, we have globally suspended our Facebook and Instagram activity, including advertising and non-paid content, until the end of July.”(Updates with Sony Interactive Entertainment)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]
While Verizon (VZ) boycotts advertising campaigns in the social media platform of Facebook, Nokia (NOK) secures 5G deal with Taiwan Mobile.