Why should the govt fund NVIDIA and DELL ORACLE FACEBOOK .
Vz develops critical infrastructure and funds using investors money. They have been funding their own business for the last 25 years.
Telecom companies get short changed by layoffs, wage plateau, strict confromation to financial guidelines and legal complainces .
Social media companies get a free ride all the way.
Evaluations for
Nvida-$5.7Trillion
Dell-$350billion
Oracle-$450billion
Msft- $3.9 trillion
Google-$4.2 trillion
VZ - $189billion
2 replies (most recent on top)
The companies that got bailed out actually work. Verizon is well known for years of overlapping teams doing the same job. They bragged on LinkedIn about dj parties, photo shoots, office Olympics and Spotify playlists while they LOST market share to competitors. It is slowly turning around thanks to Dan the man holding some to account. There is a lot of legacy leadership left still that needs to get the boot. No government bailouts!
You're not wrong. But part of Verizon's problem is self inflicted. For example I used to say to myself back in the early 2000's "Why is Verizon buying the customers Apple or android phones for them and making Apple rich? We need the cell phone manufactures to make phones to use our network, but the cell phone manufacturers need our cell phone network for their phones to be used on, right?" It should've been a symbiotic relationship. Instead we made Apple and Samsung shareholders rich, and we got a two decades of a dead money stock.