Can’t see anything ahead but a gradual decline with bits of the business sold off over the next few years
Verizon, a once proud company has lost its identity…and soul
19 replies (most recent on top)
you all are some bitter old captain keyboards, why didn't you leave in '24?
I am willing to give the dude a shot. only time will tell
So this moo r on , takes credit for 3 x rev increase… I am at the wheel. But doesn’t take credit for the PayPal 70 percent stock price decline, when he is at the wheel..
There was no choice during Covid lockdown, people used PayPal..
70 percent decline after that.
Sat on our board for 7 years as the lead board member, while Hans did all these horrible things ( yes he su-ked)
But now, he will fix it?
Why did you sit on the VZ board as the lead director for same time as Hans???
@af Covid lockdowns grew their revenue x 3… he didn’t have a clue out at his Montana ranch
@af and he left by ‘ free will’ after their share price tanked 70 percent with him at the wheel.
@a4 because we sold it originally for 10.5b
@ac better check your stats again, he grew PayPal revenue 3x and market cap outpaced the S&P. This isn't a strategic play, this is about restructuring period. He is here for 2 years to clean up the mess left from the previous 2 bozos
@OP thank Hans and his board
@ac bit like Glenn McMahon in War Machine..
@ab only problem I see here my friend is track record.
Dan started as a sales account exec at ATT.. worked his way up ( we know how that goes)
Was the CEO of failed Virgin Mobile.
CEO of PayPal and drove it to a 70% decline…
Wow and now he is going to turn VZ around
@aa don't disagree as far as the bad decisions, there have been plenty of them. Comes with the territory of sh---y leadership and an open checkbook. Its exactly why 30% of the Top 300 just got cut. Dan isn't fu--ing around and knows what he is here to do. He will be the bad guy, restructure to win in the future, then will pass on a winner to the next CEO.
@a8 thank you for your service!
However BS.. buying about Vida at top dollar back in 2015, started the F us…
Bad decisions since then are too long to list..
Now frontier.. apparently we need the fibres to people’s houses to sell them broadband: because we spend 50 billion on useless, doesn’t provide coverage 5G spectrum.
@a4 fiber subs. Lowell pulled the fiber build out capital years ago; we'd have 20-25M fios subs by now and leading the industry on "convergence" had he not piled everything in wireless, only to see the market share erode.
As a 30yr vet, I am excited about the future. As hard as this is, and will continue to be, this is what the company needed to do. Wireline went through it 10-12yrs ago with Qtrly RIFs. There were too many layers and too many repetitive tasks. Wireless got fat and happy as wireline used to be, things were just easier "back in the day".
With expense controls, reorganizations, and reengineered processes, VZ will be a lean mean machine within a year. Customer promotions will be top in the industry (TMUS will go belly-up trying to compete). VZ stock will be in the 50s by summer and pushing 60 this time next year. Bookmark it
Wireline has been dead for years. All the wireless carriers have holes in their Networks, cannot say one is sufficiently better than the others. T-Mobile only became #1 cause they brought Sprint, which bring more headaches. Unless something comes in and supplants wireless, VZW will never go away.
@a3 that’s why Tmobile is doing better that us
@a3 then why did we just spend 20 billion on Frontier
We are continuing to transition from a Wireline company to a Wireless company. Tough to make money in Wireline anymore.
A company that charges too much for cr-ppy premium service trying to survive. That sums it up.
I think someone said it earlier on a post. we are the new Sprint.