So our stock is in a freefall and the only way to float the stock price is to cut expenses (overhead). We are spending money on fiber and need capital back. So 9/24 or whatever date in October is going to happen. We're bleeding money, and the iPhone isn't saving us. Most iPhone models are not in stock to ship till October. So Q3 is a dumpster fire at this point, hopefully Q4 is better. Either way I think we are all at risk, so bring on Dan the Hatchet Man.
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@a2 Verizon doesn't know how to innovate or be a leader in anything. Verizon has known for years that they aren't going to hit their numbers selling iPhones and iPads yet that's the focus, gotta get those connections!
I'm curious to see how many people get an early Christmas present from Dan this year. The people doing the work are always the ones to take it on the chin. Same story different year. Verizon leaders (for the most part) only know how to manage up. I'd love to see Dan thin the herd in the VP ranks and flatten the org, allow people doing the work to make decisions and hold them accountable. If they are already going to be the ones bearing the brunt of the layoffs might as well make it for a reason.
The only solution is to bring back Hans. If Verizon is going to fail, might as well have some fun
@ax ah, a minor interest rate hike hurts companies with humongous debts like VZ especially when they are burning their dear FCF on stock buy backs and pointless efforts like "Verizon announced $70 million in AI training".
At this point it makes more sense to buy bonds rather than VZ stock.
Laying off employees and using Google Gemini doesn’t make Verizon a different company. Same leadership and direction. Dan should start crying at DEI events and running on Instagram to continue the tradition
Dan has been blabbing about AI non stop, but investors clearly don’t see Verizon as an AI or tech company. Curious if he will blame interest rates for the low stock price
@ag Ahhh yes the thirties. I remember them well. The golden age of Hollywood, swing music and the great depression... Hmmmm.
Oh you meant the other thirties for the stock price that started the shake up that led to lay off and AI that Dan claims will lead to the next great depression... Hmmmm...
Is this what "coming full circle" means?
@ax 2 things can be true at the same time, you read a book. Also AMD up 25%, Apple 7%, and others have increased by over 10% during the same 5-7 day stretch. So I guess those companies are immune to a .25%.... or is it Verizon carrying high debt with no way to pay it down faster, because our income streams are tightening. When this happens only 1 lever to pull to pay the piper, layoffs. You go read a book and send me that book report.
@ax 100% correct. Stunning ignorance on display.
what does the street have to say about the AI guardrails? Does Dan have a plan for that?
Entire sector is down because of interest rate hike. Wipe your nose and read a book before you post junior !
Wireless is a joke anymore. Especially 5G. Verizon tried to hang its hat on 5g for 15 years. It’s coming, it’s we’re building it out, it’s here. It never lived up to what it was supposed to be. Just a big marketing ploy to get people to buy in. Like the train to nowhere in California. Now the new hook is 6G. What a clown show this has all become.
This company is husk of what GTE was.
stock is down 10%. money is a finite resource. investors can invest in AI with exponential growth or invest in a slow growing business where chris flood is revered as a god
@a7 10% or more i would say is a free fall. Depends if you have 1 share or 100000 shares. A week or so ago people were saying look at the stock highest in 5 years... well now we are heading back to the 30s.
all other telecom dropped in the last week, not only VZ.
The Street must have received word how bad 3Q results are going to be.
Define free fall. It dropped about $5 in 5 days. The good thing about being near the bottom is that falling don't hurt too much since you don't have far to fall.
Zero strategy other thank RIF 16,000+, buy back vz stock and watch it drop and hire C Levels with failed PayPal experience and keep DEI watchdogs
If looking or think that Iphone release is the saving grace for VZ issues and turn around wenare in a he-l of a lot of trouble. VZ need to find a niche and become a leader in something and not a follower. Wireless is not the save all at least not at this point.