Oath has previously acquired Yahoo and AOL but has yet to carve its own niche as an online service and content provider. Tim
Armstrong, CEO of Verizon's web based business unit, Oath, is said to
be in talks with the company's board of directors to step down from his
role, according to reports in the press.The
Wall Street Journal reported that Armstrong has decided to walk away
from his role as Verizon mulls a change of direction for Oath.
My comments is; what took them so long! For example they own the Huffington Post, a left wing online publisher of opinion, and not clear how much cash flow it generates.
Verizon must understand its basics. It own licenses, and 5G, if properly done, can be a winner. They tried in 4G to get wireless in the home. The system they deployed was in my professional opinion a total disaster. It puts a nano hub in the home and allows for a single RJ-11 jack with no 911, no caller ID and the list goes on. The should have a system which connects to the incoming twisted pair and replaces the copper! Simple, anyone who ever worked in the old telephone company would understand this. Not the new breed of marketeers who are off shoots of OATH.
Hopefully the new CEO, a Swede, can be more focused. Dump the social media stuff, telephone companies are infrastructure owners and operators. Stay out of the media business, you just do not understand it.
Oh yes, and remember, if all else fails listen to the customer!
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