We all know Lumen SLT has made very bad decisions for a long time, but job numbers were dismal thanks to the idi-its in the Whitehouse, and Lumen will likely need to make more cuts because that's the chatter going around the office. Why did Lumen make bad deal with Azure? Oracle's new "OCI" is 2-5x faster than AWS, Azure, and GCP, and OCI is less expensive. Lumen can't make any good decisions. Stock tanking again in what will become next recession. Can Lumen even survive in a recession?
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It seems like they Kate was talking about the 4th Industrial Revolution, the White House too. Is this going to happen or is it 100 years away. Seems like they are in fantasy land.
If you don't understand. Please leave politics out of it.
Nothing to do with the White House id--t.. the leaders of this company have been incompetent of long long long before now
They are hyping the $5 bln dollar deal for networking, but not saying over how many years it will be. If that $5 bln is over 5 years, that is $1bln/year in sales. Possibly another $7bln on top, which would make for a total of about $2.2bln in revenue per year - but only after they have constructed even more fiber than they have now (meaning, much more upfront expense). https://finance.yahoo.com/news/ai-demand-drives-5-billion-201000035.html
Is anyone buying the hype?
Hired and promoted more exec’s. Next week the layoffs will strike
So whats up with Lumen involved in insider trading?