|Bid||56.33 x 1200|
|Ask||56.81 x 1800|
|Day's Range||56.11 - 56.78|
|52 Week Range||52.28 - 61.58|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||14.78|
|Earnings Date||Oct 21, 2019 - Oct 25, 2019|
|Forward Dividend & Yield||2.41 (4.28%)|
|1y Target Est||60.09|
Yahoo Finance's Brian Cheung breaks down what the yield curve inversion means and what it signals for our economy.
Tumblr purchased by WordPress.com owner Automatic. Yahoo Finance's Julie Hyman, Adam Shapiro, Rick Newman, Sibile Marcellus and Dan Roberts discuss.
Lately it's hard to get away from all the trade-war headlines. In the meantime, many investors are missing the other "trade war" -- the one involving 5G stocks.And there's been some interesting developments there that I'd like to call to your attention today.Pretty much all the big mobile carriers, from AT&T (NYSE:T) to Verizon (NYSE:VZ), are racing to roll out their own network with the superfast 5G technology. Overseas, Vodafone (NASDAQ:VOD) has been rolling out 5G across Europe and, soon, New Zealand.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut before you can use a 5G network, you've got to have a 5G phone. And really, that race is between Apple (NASDAQ:AAPL), Samsung, and Huawei. * 10 Marijuana Stocks to Ride High on the Farm Bill Apple is expected to introduce 5G next year -- with a 5G iPhone, plus a 5G MacBook. (Yes, a MacBook with cellular service!)Samsung has them beat. It got there in April, with the Galaxy S10 5G.Now, Huawei is pulling into second place in the 5G race. On Friday, it began selling its Mate 20 X 5G phone at home in China.Source: Huawei Huawei was no household name here in the United States until it got caught in the trade war. You may recall that in May, the U.S. government "blacklisted" Huawei. Once the 90-day grace period is up, American firms will no longer be allowed to even supply parts for Huawei phones.But there's a reason U.S. companies (and everyone else) are eager to do business in China:China has over 1.4 billion people. In other words, nearly one-fifth of humanity lives there. Not only is China the largest country by population… it's also the second-largest economy.And that economy is booming -- I've seen it with my own eyes. I was just in China this spring, and quickly reported back in Investment Opportunities about the opportunity I saw there. Skyscrapers are cropping up as fast as weeds in your yard. Most importantly, there remains a huge, untapped market of potential customers for smart devices. And those customers will want 5G.The World's Biggest Investor in 5GThe story here is much bigger than a Huawei phone. 5G is central to the country's "Made in China 2025" plan. But even in the current five-year plan (2015 to 2020), China set aside $400 billion for 5G investment. (That's roughly equivalent to the entire market cap of Alibaba (NYSE:BABA), the "Amazon of China.")When Deloitte ran those numbers through 2018, it found that China had outspent the United States by $24 billion on 5G infrastructure.As a result, China will be a huge testing ground for: * Super-fast smartphones from Huawei, running on 5G networks from China's state-owned mobile providers, like China Mobile (NYSE:CHL). * Smart highways. Speaking of China Mobile, that company is working on smart toll stations, plus traffic-tracking devices powered by artificial intelligence, which will help the country implement autonomous vehicles. * In addition to self-driving cars, there'll be self-driving buses. In the city of Zhengzhou - roughly 450 miles southwest of Beijing, where I stayed in May - the bus company Yutong is already testing electric buses that are autonomous… and avoid collisions by communicating via 5G. * Smart streetlamps. Yes, even the streetlamps will connect to the 5G network. The lamps will be automatically adjusted, depending on the time of day and the weather conditions (making them more energy-efficient).The possibilities are pretty much endless.But they're just that -- possibilities -- until you have the right hardware.That's true of any tech trend. It was true in the 1990s, when Cisco Systems (NASDAQ:CSCO) provided the "plumbing" that got all our homes and businesses connected to the internet. It was true in the 2000s, when Qualcomm (NASDAQ:QCOM) provided the chips that made the first iPhones work. (And they're still in the iPhones of today, for that matter.)Here's the key with 5G: All of those devices need to be powered.That's why any investor needs to be on the lookout for the next big breakthrough in battery technology. It's an innovation that will have multi-trillion-dollar economic implications:Think of a world with self-driving electric cars that have massive ranges. Think of an iPhone that needs charging just once per month. Think of mass adoption of clean solar and wind energy. Think of airplanes that run on batteries. Think of the eventual demise of the oil and gas industry.This is where we're headed -- but there are some serious limitations to the current technology! Lithium-ion batteries are too bulky, without enough battery life, and with too many safety concerns, not to mention the fact that key materials are in short supply. That's why I believe the next big battery breakthrough will go down as one of the greatest inventions of the 21st century.I've spent an enormous amount of time studying the battery industry. I can tell you this mega innovation isn't a matter of "if," it's a matter of "when." Click here for my presentation with the results of my research. That way, you can get in on this trend BEFORE the world catches on.Insiders are already calling this potential new battery a "paradigm shift" in energy technology. Forbes calls it simply: "The battery that could change the world."Folks who get in on this breakthrough now, BEFORE it's rolled out on a mass scale, will have the chance to be a part of perhaps the single largest legal creation of wealth in the last 25 years.I can share with you what I've learned and show you how to profit. Click here to learn more.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Marijuana Stocks to Ride High on the Farm Bill * 8 Biotech Stocks to Watch After the Q2 Earnings Season * 7 Unusual, Growth-Oriented REITs to Buy for Your Portfolio The post For 5G Stocks, the Race Just Heated Up Big Time appeared first on InvestorPlace.
Chris' note: What do self-driving cars, artificial intelligence, and augmented reality have in common? There's one piece of bleeding-edge technology that unites them all…Source: Shutterstock Regular readers know I'm talking about 5G. It's one of the biggest trends on Jeff Brown's radar.Jeff is our go-to tech expert here at The Daily Cut. And this Thursday, August 22 at 8 p.m. ET, he's hosting a free 5G investment summit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAs you'll see, we're about to enter what Jeff calls the "Final Phase of the 5G Boom." If he's right, folks have a real shot at watching a series of small investments return 500%… 1,000%… and more. If you're serious about profiting from the 5G boom, you'll want to reserve your spot right here.But you don't have to wait until Thursday to learn more about 5G… and why Jeff believes it will be the most important tech trend over the next decade. Below, he shows why 5G is central to a global battle America must win. And the economic impact will be huge…The United States and China are locked in a winner-take-all economic struggle.And no, I'm not talking about the ongoing trade negotiations. It's something else.Whoever wins will be the economic powerhouse of the next decade. The stakes are that high.Let me show you what I mean…Hostile TakeoverLast year, we almost saw a merger between technology firms Broadcom (NASDAQ:AVGO) and Qualcomm (NASDAQ:QCOM). Had it gone through, it would have been the largest tech deal to date.Broadcom had been pursuing Qualcomm since November 2017. It initially offered an unsolicited bid of $103 billion to acquire controlling interest of Qualcomm.Qualcomm resisted. So Broadcom took another route.It initiated a hostile takeover of Qualcomm. That's when an acquiring company attempts to bypass its target's board and purchases a controlling interest in the company directly from shareholders. Very often, this means offering to buy shares at a premium.At $117 billion, the new bid for Qualcomm would have represented the largest technology merger in history.But then the White House stepped in… President Trump blocked the merger. The president said that "credible evidence" suggested that the takeover would pose a risk to U.S. national security.The official details are classified. But I believe I know why the White House took this unprecedented step.At the heart of the president's decision to block the merger is fifth-generation (5G) wireless technology.And here's why that's important…The Coming Wave of 5GWhen you connect to the internet on your computer, smartphone, or smart TV, a vast physical communications infrastructure makes that connection possible.And over the years, our wireless networks - and the infrastructure that supports them - have evolved.It all started in the 1980s with first-generation (1G) networks. Compared to what's possible today, 1G didn't allow much. You could only place voice calls - there was no layer for carrying other types of data. And you had to use one of those brick-sized cell phones Gordon Gekko yaps into in the movie Wall Street.But from then on, a new network generation went live roughly every 10 years. Each provided faster download speeds and more applications. The most recent one, 4G, went live around 2011.Now we're shifting to the fifth generation of wireless networks - 5G. And it represents the largest leap in wireless technology to date.A Leap ForwardThe current 4G networks are a disappointment. They're much slower than what the original developers thought the networks would deliver.Worst of all, the U.S. is in 62nd place when it comes to download speeds. That's going by a 2018 OpenSignal report.But with 5G, it's a different story. At peak speed, 5G will be almost 1,000 times faster than the average 4G connection we have today.We'll be going from an average of 16 megabits per second with current LTE connections… to 10 gigabits per second. (One gigabit is 1,000 megabits.)Even if we assume average 5G speeds will be 10% of their potential, we'd be looking at 1,000 megabits per second. That's almost 100 times faster than what we have today.With that kind of speed, you'll be able to download a two-hour movie in 10 seconds. Dropped phone calls and slow-loading web pages will be a thing of the past.Plus, some previously "sci-fi" tech will finally become a reality. Technologies like self-driving cars, virtual reality, and holographic projection will all operate over high-speed 5G connections. The applications are endless.5G is a game-changer because of all the technological innovation it will bring about. It'll be responsible for $12 trillion worth of new goods and services by 2035. That's about 70% of America's total GDP in 2018.And here's why the government considers the completion of 5G a matter of national security…Matter of National SecurityCountries that lead the way in deploying these networks will have a competitive economic advantage over other countries. And the technology companies in these "first-mover" countries will be the first to develop the hardware and software enabling these 5G wireless services.Right now, our government's fear is that China will set the 5G precedent.For context, Chinese company Huawei supplies the infrastructure and support for more than half of the 537 4G networks around the world. Suspicions have abounded for years about the company using its technology to spy on U.S. network traffic. And since 2018, tensions are reaching new highs.This led to Huawei being banned for a time from the U.S. and several other Western markets over spying concerns.The U.S. government sees it as an imperative that U.S. wireless networks are built out quickly - with U.S. and European technology - to ensure that the country's networks are less likely to fall victim to foreign espionage.That's why the Trump administration blocked the Broadcom/Qualcomm merger.While Broadcom recently stated its intention to bring most of its business back to the U.S., the bulk of its business is still based in Singapore. And while Singapore is its own country, it's heavily controlled by Chinese Singaporeans.The concern was that Broadcom would force Qualcomm to cut back on its 5G research and development, letting Huawei fill the void and making U.S. wireless networks vulnerable to cyberspying.This isn't wild speculation, either.The Committee on Foreign Investment in the United States is a government agency that oversees foreign investment in American companies. It officially recommended blocking the Broadcom/Qualcomm merger. And it specifically mentioned the threat Huawei posed in the 5G space.The Trump administration even threatened to take things one step further…Nationalized InfrastructureIn January 2018, leaked White House documents showed that the U.S. government was considering nationalizing the 5G network build-out.In other words, it wanted to seize control of wireless networks from AT&T (NYSE:T), Verizon (NYSE:VZ), and other service providers… and put them in the hands of the government.I had a hunch at the time that this was just a warning… a way to light a fire under the U.S. companies involved in the 5G build-out.The Trump administration was saying, "Get out there and build these 5G networks quickly, or we'll do it for you."And I was right. Trump has since said he opposes nationalizing the U.S. 5G network.But sending a warning was a very smart move by the administration. And it worked.Verizon and AT&T are already building out 5G networks in dozens of cities around the country. So are T-Mobile and Sprint, which are in the process of merging.The hope is for the U.S. to regain leadership in wireless network deployments. This will stimulate even stronger leadership in wireless network technology.If the U.S. fails, the government fears that America would depend on Chinese 5G technology. That would give China an enormous amount of leverage over the U.S.And remember, 5G is expected to create more than $12 trillion in wealth. Whoever sets the 5G precedent will be the economic powerhouse for the foreseeable future.This is a race the United States must win at all costs.Regards,Jeff Brown Editor, Exponential Tech InvestorP.S. The 5G race isn't over yet… That's why this Thursday I'm hosting a free 5G investment summit, The Final Phase of the 5G Boom.Key 5G stocks will soar 10X at least. And on August 22 at 8 p.m. ET, I'll show you how I spot these winners. I'll even give you the name of the top 5G company on my watchlist. If you're serious about investing in the 5G boom, you'll want to reserve your spot here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Trump Blocks Tech Merger to Stimulate 5G Leadership appeared first on InvestorPlace.
While Verizon (VZ) is drawing curtains to its local news channel Fios1 News, AT&T (T) is launching a new television service with AT&T TV.
AT&T, Verizon, T-Mobile, and Sprint are not the only choices when picking a wireless plan. Is making the switch to prepaid the right option for you?
Verizon is closing its local news channel, Fios1 News, costing 150 employees their jobs. Fios1, which stands for Fiber Optic Service, is one of two hyperlocal cable-news channels serving New York City’s metro area. Verizon Fios is also ending its 10-year contract with Rye Brook, New York’s Regional News Network.
Once a fast-growing microblogging site full of special interest groups and in-jokes worthy of a $1.1bn bet from Yahoo. Tumblr has been shunted from owner to owner like an unwanted pet. When Yahoo bought the site in 2013 it was supposed to be part of a rehabilitation master plan.
In an alternate universe, AOL is the world’s dominant internet company, worth hundreds of billions of dollars. Maybe even a trillion.
Qualcomm is committed to building a sustainable fifth-generation cellular network (5G), which CEO Steve Mollenkopf says will have a big impact on the American consumer.
One of President Donald Trump’s most prominent Republican critics and one of his most reliable defenders will both appear.
Since I last wrote about the four best 5G stocks to buy as the trend heated up, the sector has touched new highs. The companies benefited from telecom companies rolling out 5G wireless. That trend is not only heating up, but is accelerating. AT&T (NYSE:T) will offer a fixed-wireless-access solution later this year, letting customers get 5G internet at home. Beating AT&T in the 5G race is Verizon (NYSE:VZ), which officially became the first major U.S. carrier to offer 5G cell service. * 15 Growth Stocks to Buy for the Long Haul Verizon's victory puts pressure on telecom firms to accelerate their investments in the 5G buildout -- or risk falling behind.Here are seven 5G stocks to help you build investments for the future as the rest of the sector keeps heating up.InvestorPlace - Stock Market News, Stock Advice & Trading Tips 5G Stock to Buy: Ciena Corporation (CIEN)Source: Shutterstock Ciena Corporation (NYSE:CIEN) stock rebounded from near-$33 lows in May after reporting second-quarter results June 6. The company reported revenue growing by 18.5% to $865 million. CIEN stock's adjusted earnings per share was 48 cents. Although the company faced tougher year-over-year comparisons, investors bid the stock to yearly highs above $46. In the last few quarters, the company reported a growth rate a few points above the long-term average of 6%-8%. Beyond this year, growth will revert to that 6%-8% range. And EPS growth of 20% a year is sustainable.Ciena acquired TeraXion for $32 million in 2016, gaining control of its high-speed photonics components, which have enabled Ciena to unroll optical chipsets. This move also gave CIEN the execution capability around TeraXion's electro-optics portion of the drivetrain as well as the company's silicon photonics.The rollout of 5G had a positive impact on the CIEN stock's most-recent quarter. And Ciena is highly engaged with its customers, especially at the optical project level. With that level of involvement with the largest tier one companies in North America, expect revenue to grow extremely well for the foreseeable future.Assuming a reasonable five-year compound annual growth rate of 7.1%, CIEN stock has an upside of over 10%. Cisco Systems (CSCO)Source: Shutterstock Cisco Systems (NASDAQ:CSCO) stock's near-term growth will come from being the world's largest secure domain name system platform, though the data center is another source of core growth. Cisco has around 35 data centers that are growing monthly, as the company expands its cloud. It has 100 million daily users on its platform, yet the company wants to be a bigger player in 5G in the future.On July 9, Cisco announced that it would buy optical component maker Acacia Communications (NASDAQ:ACIA) for $2.84 billion. In doing so, the telecom equipment supplier will widen its addressable market in the 5G space. And because service providers will put upgrading to 5G on their roadmap, CSCO will have to upgrade its optical components, too. As global internet traffic triples into 2022, Cisco will have a way to sell the hardware customers need to support all that data movement. * 7 Safe Dividend Stocks for Investors to Buy Right Now Acquiring Acacia gives Cisco the needed expertise in metro, long-haul and undersea data movement. Previously, the company's optical portfolio covered only short-range data center connections.CSCO's integration of Acacia strengthens its positioning for 5G in the future. Acacia already makes many of the optical interconnect modules in Cisco's equipment. But in the future, the demand for high-speed interconnect will increase rapidly. Nokia (NOK)Source: Shutterstock Nokia (NYSE:NOK) stock broke out of the $5 trading range when it reported fiscal second-quarter results that beat consensus estimates. The company benefited from new 5G deal wins in the quarter. Helped by improving product competitiveness, the company now has an impressive 42 commercial 5G deals and it is operational in nine live 5G networks. With the 5G rollout starting, Nokia recognized 5G revenue in the second quarter. Investors should expect that revenue recognition continuing to build in the second half of this year.Nokia is well-positioned to be a 5G player in the future. As Nokia sells 5G radio to customers, it is also selling other Nokia products. Not only that, but NOK is building its 5G business by converting all of its 4G LTE customers -- it has over 300 commercial 4G customers who need help transitioning to 5G over the next 10-20 years.Investors who gave up on NOK stock would have missed the stock rallying from $5 to nearly $5.80. In the last week, the stock traded down to the $5.20 range, creating an entry point. At a forward price-to-earnings ratio of 13, Nokia is not valued as a strong 5G player for the future. Markets are making a mistake ignoring this company's strong prospects.As many countries move quickly to deploy 5G, management may raise its guidance. Now, operators expect it will take 4-5 years after the initial rollout to get 5G deployed to 75% of their customers. That suggests Nokia's 5G growth acceleration is still in its early stages.It may also be a dividend discount: the multi-stage model suggests that Nokia stock is undervalued by 20%. NXP Semiconductors (NXPI)Source: Shutterstock NXP Semiconductors (NASDAQ:NXPI) has pivoted its business towards the automotive and 5G market over the last few years. Strong 5G deployment in the last few quarters assures the company's positioning in the space. Its second quarter, posted July 30, met consensus estimates. This is due partly to the benefit of a large mobile customer, but the higher revenue from the customer also led to lower deployment in the current Q3. To adjust for the uncertainties, NXPI lowered its Q3 revenue guidance to $2.21 billion-$2.27 billion. This is below the $2.35 billion estimated revenue.NXPI stock fell to as low as $96.11 by Aug. 5, only to recover somewhat when it closed recently at around $100. Management is bullish on the outlook for 5G but is assessing the potential near-term slowdown in the industry. With investor expectations lowered, investors have a chance to buy NXPI stock at a 15 times P/E and 11.3 times forward earnings. In doing so, shareholders are positioning themselves for the next wave of 5G spending. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What Currently, NXP Semiconductors is benefiting from the growth in multi-input and multi-output (MIMO) deployment, where customers are expanding their capacity associated with their installed infrastructure. In the future, customers will move to 5G deployments. And from there, they may upgrade that capacity through software deployments to facilitate 5G. So indirectly, MIMO is driving revenue higher in the short-term. And as 5G ramps up more strongly into 2020, investors should get rewarded within a year. T-Mobile (TMUS)Source: Shutterstock In the telecom carrier space, T-Mobile (NASDAQ:TMUS) stock is creating a bigger and bolder competitor through its Sprint (NASDAQ:S) acquisition. Odds of the merger improved after the U.S. Department of Justice gave the firms clearance for the deal. But first, Sprint must divest its pre-paid business and also sell its 800 MHz spectrum license.While T-Mobile expects to deliver $43 billion in synergies from the deal, the 5G efficiencies from the merger will interest investors most. Looking into the future, T-Mobile is committed to covering 97% of the U.S. population with 5G in three years. In six years, 99% of the population will get 5G coverage. This aggressive timeline is possible because T-Mobile will leverage its 5G network.Currently, T-Mobile is deploying a 600 MHz and millimeter wave spectrum, and the former will become the foundation for its nation-wide 5G network. Once 5G smartphones are available, the company will launch 5G on 600 MHz later this year.T-Mobile's growth will also come from its broadband business. It's goal is to reach 9.5 million in-home broadband subscribers by 2024. This complements the cost synergies, with $4 billion coming from the network division, $1 billion from sales, services and marketing, and $1 billion from the back office. With consistent customer growth and higher efficiencies ahead, it is no wonder that TMUS stock is in an uptrend in 2019. Verizon Communications (VZ)Source: Shutterstock Verizon, whose shares also offer a dividend yielding 4.3% based on recent stock prices near $56, is another 5G stock to buy for the future. Its focus on the fiber deployment gives it this edge. VZ stock now has fiber in 60 cities -- and is growing at 1,400 route miles per month.Verizon's capital expenditures will support the buildout of its 5G Ultra Wideband network. For the full year 2019, capital expenditure will be in the range of $17 billion-$18 billion.Verizon has launched 5G in nine markets and aims to be in 30 within the full-year period. More impressive is the speed that VZ's 5G Mobility offers now. Handsets may now run at 1.3-1.5 gig and average up to 2 gigs. Offering speeds that are significantly faster than 4G will encourage customers to upgrade.After VZ stock topped $61 in April and is down 9.4% from there, markets are not expecting much revenue growth from 5G. Still, analysts who cover VZ stock have a $61.67 price target. * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Despite the conservative expectations investors have for Verizon, 2020 will be an important year for its 5G growth. 5G Home is limited to four markets right now but will continue to expand. As the company rolls out 5G Home customer premise (CP) equipment, it will see a positive contribution to revenue in 2021. Intel Corporation (INTC)Source: Shutterstock Intel Corporation (NASDAQ:INTC) is broadening its business beyond PC central processing unit chips. It believes its network infrastructure business will benefit from the positive future for 5G, so it is investing in networks. Already, this business grew 40% since 2014 from just over $1 billion in revenue to over $4 billion last year. INTC stock is hardly trading like a 5G growth play: The stock is valued at just around 10.8 times earnings.The global rollout of 5G is driving demand for "network cloudification." Intel has opportunity in the core network and at the edge. And Intel's 10 nm Snow Ridge system on a chip technology will power 5G-base stations early next year. Already, the company secured two large telecom equipment manufacturers with this architecture. By 2022, Intel forecasts having a 40% market share.During its second quarter, Intel decided to get out of the 5G smartphone modem business. It sold the unit to Apple (NASDAQ:AAPL). This is a critical turning point for Intel because the chip giant may turn its attention towards 5G networking instead.In the near-term, growth from the cloud business will be slow and in the single digits as customers begin transitioning to 5G. Later this year and in 2020, Intel expects its cloud business to grow at a faster pace. Gross margin will fall slightly and will bottom at 57% in 2021. And while a gross margin in the 60% range next year is driven by the 10 nm chip refresh, the 5G ramp-up will help its network business.As of this writing, Chris Lau was long NXPI and NOK. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy for the Long Haul * 5 More Cloud Stocks With Plenty of Potential * 5 Clean Energy ETFs to Buy for 2019 The post 7 5G Stocks to Buy Now for the Future appeared first on InvestorPlace.
Verizon stock usually is a dividend play, as are the shares of its rival AT&T.; But Verizon 5G lies ahead. Here's what various analyses say about Verizon as 5G wireless comes into play.
Verizon (VZ) is divesting the social media blogging site Tumblr for an undisclosed amount, while CenturyLink (CTL) beats on second-quarter 2019 earnings despite lower revenues year over year.
CenturyLink (CTL) agrees to pay $550,000 to the U.S. Treasury and has committed to a compliance plan designed to protect consumers and prevent future cramming.
ANN ARBOR, Mich., Aug. 14, 2019 /PRNewswire/ -- Cybercrime Support Network (CSN) is pleased to announce a new leadership sponsorship with Verizon. With this sponsorship, CSN will be able to further expand the organization's efforts to provide cybercrime and online fraud victims with the help and resources they need. Millions of American consumers and small businesses are affected by cybercrime each year and struggle to find the resources they need to report, recover and reinforce their cybersecurity.
Hello and welcome back to Equity, TechCrunch’s venture capital-focusedpodcast, where we unpack the numbers behind the headlines
The Daily Crunch is TechCrunch's roundup of our biggest and most important stories. It's been six years since Yahoo acquired the popular blogging platform for more than $1 billion. Despite previous reports indicating the on-demand delivery company is seeking an M&A exit, sources close to the matter say Postmates is on track to complete an initial public offering this year.
Verizon sells Tumblr news is spreading as the website joins the WordPress.com family.Source: Shutterstock The news about Verizon (NYSE:VZ) selling Tumblr doesn't reveal any of the financial details about the deal. However, it does note that WordPress.com parent company Automattic is the buyer of the website."Today's announcement is the culmination of a thoughtful, thorough and strategic process," Verizon Media CEO Guru Gowrappan, said about the Verizon sells Tumblr news. "We are proud of what the team has accomplished and are happy to have found the perfect partner in Automattic, whose expertise and track record will unlock new and exciting possibilities for Tumblr and its users."InvestorPlace - Stock Market News, Stock Advice & Trading TipsNews that Verizon sells Tumblr likely won't come as a surprise to anyone following the brand. There was talk earlier this year that adult website Pornhub was interested in taking it off of Verizon's hands.The interest from Pronhub was due to the previous adult nature of Tumblr. However, a ban in late 2018 resulted in most adult content being stripped from the website. VZ reportedly saw revenue fall after that and Pornhub wanted to bring that content back. * 7 Safe Dividend Stocks for Investors to Buy Right Now Verizon didn't directly buy Tumblr itself. Instead, the company got it when it purchased Yahoo back in 2017. Yahoo had purchased the blogging website for $1.10 billion in 2013. If the reports are true, VZ is only selling Tumblr for $3 million.VZ stock was up slightly as of Tuesday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Real Estate Investments to Ride Out the Current Storm * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk * 7 Safe Dividend Stocks for Investors to Buy Right Now As of this writing, William White did not hold a position in any of the aforementioned securities.The post Verizon Sells Tumblr Making It Part of WordPress.com Family appeared first on InvestorPlace.
Verizon acquired Tumblr as part of its 2017 acquisition of Yahoo's media properties to build its own digital and advertising presence. Verizon is now exploring ways to improve its media business, which has consistently fell short of expectations.
Remember Tumblr? The microblogging site which, for a brief period earlier this decade, seemed like a potential challenger to the established social media platforms. It was so popular, in fact, that even ...
Verizon Media Group, formerly called Oath, is the digital media umbrella that owns more than 50 brands, including HuffPost, TechCrunch and Tumblr. Tumblr was acquired by Yahoo for more than $1 billion in 2013 and Verizon acquired it as part of its deal for Yahoo in 2015.