Verizon's $179 Billion Debt Disaster...What Happened?

Verizon and AT&T once dominated the telecommunications industry with nearmonopoly control. Since then, their market share hasn’t fallen much, but the same cannot be said about the company's health. Despite still being a telecommunications giant with 146 million paid subscribers, Verizon has found itself in a mountain of debt worth $150 billion. This was primarily due to hasty and frankly misguided acquisitions like AOL and Yahoo which the company wasn’t able to turn around. To make matters worse, Verizon overleveraged itself within the telecom industry itself thanks to an aggressive takeover attempt of Verizon Wireless. Verizon is a prime example of why a company is never “too big to fail”. Given enough bad choices, every company will eventually fall regardless of their market dominance. This video tells the story of the painful decline of Verizon.

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Timestamps:
0:00$150 Billion Debt
1:01Big Plans & Big Bets
5:37Expectations vs Reality
8:38Refocusing
13:50Verizon Today

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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