There was more net benefit than you mention. They went from being a dying company to one that has hundreds of billions in cash and jostles for the highest-valued company in the world.
The smart money would've been allowing Microsoft to buy Yahoo. Although, Verizon did way over pay on the zombie corpse. Jerry Yang was quite the idiot.
The real idiots were Jerry Yang and company who turned down Steve Ballmer's offer of tens of billions to buy Yahoo. They could've bilked so much more out of Microsoft and Verizon ended up paying.
Yes and if you continue reading past what you quote mined it clearly states in both the summary and article that this all started due to a complaint about Verizon.
Oh really? So where are the lowered prices in video streaming? All I see are price increases. I'll concede I'm wrong when you show me where either of Amazon, Hulu or Netflix has lowered their prices due to more "competition."
Exactly. It's the fact that these services silo you into their service with their exclusive content is why all this "competition" has not lead to lower prices. Everyone views their silo'd content as premium and thus charges more not less.
Every service has raised prices not just Netflix. This faux competition between fractured services has not once brought about lower prices for video streaming.
Supposedly Disneyflix will be cheaper than Netflix and Hulu.
The cutest part is you believe that.
In the long-term, the new streaming services will drive UP competition and either drive DOWN market prices or drive UP quality/amount of content.
History says otherwise. None of these fractured services have resulted in lower costs. Every single service is more expensive now than they were years ago and when there were fewer options. It's so cute that you think companies will purposefully take in less money when they knownthey can charge more.
Also, please englighten me to the lower prices brought about by CBS All-Access. A single channel's content that costs nearly the same per month as what used to be the cost of both Hulu and Netflix combined. Yep, all that fracturing is showing great wins for consumers... NOT.
And as one can see from the video streaming market, no one comes in with lower prices and all the other players have all raised their prices. CBS All Access Pass is one such example. $10 a month for a single channel's content. Yep, the fracturing is so amazing for consumers...
No that's not my logic at all and thanks for failing to actually address my rebuttal. If "more competition" means lower prices then please feel free to explain how every streaming service is more expensive than it used to be despite more supposed "competition." It's almost as if corporations don't actually work that way...
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At least Jerry lost his job for that blunder.
Unfortunately, so did thousands of his subordinates.
There was more net benefit than you mention. They went from being a dying company to one that has hundreds of billions in cash and jostles for the highest-valued company in the world.
The write-down still leaves it valued at around $5 billion. That's still more than the multiplier you state.
Although that technically is just passed two decades ago, I guess.
Next + Apple?
The smart money would've been allowing Microsoft to buy Yahoo. Although, Verizon did way over pay on the zombie corpse. Jerry Yang was quite the idiot.
The real idiots were Jerry Yang and company who turned down Steve Ballmer's offer of tens of billions to buy Yahoo. They could've bilked so much more out of Microsoft and Verizon ended up paying.
Yeah who couldn't see that a bunch of zombie corpses were worthless? Oh wait, anyone with half a brain did.
Didn't say they'd be successful, but Comcast doesn't take this stuff lying down. Expect the lobbyist dollars to start flowing, though.
Expect Comcast to go to the state legislature to thwart this.
Yes and if you continue reading past what you quote mined it clearly states in both the summary and article that this all started due to a complaint about Verizon.
Maybe learn to read the whole summary?
But the investigation was apparently triggered by a complaint about Verizon filed in August by the Rural Wireless Association (RWA).
But it's not like Verizon's lapdog is going to do anything. So there's nothing Verizon is worrying about.
But it's not the 80s or 90s anymore. No one cares that it was better than a bunch of other three-decade-old turds.
No shit, Sherlock? No, I thought the "after 23 years" part of the title was talking about how long someone else owned it.
Owing it what?
No. That's why RT failed spectacularly.
Also, lower prices may not be achieved immediately, if the service is already barely profitable.
Netflix streaming has been around for 10 years and is highly profitably. And yet they have never announced a price decrease.
Oh really? So where are the lowered prices in video streaming? All I see are price increases. I'll concede I'm wrong when you show me where either of Amazon, Hulu or Netflix has lowered their prices due to more "competition."
Exactly. It's the fact that these services silo you into their service with their exclusive content is why all this "competition" has not lead to lower prices. Everyone views their silo'd content as premium and thus charges more not less.
Every service has raised prices not just Netflix. This faux competition between fractured services has not once brought about lower prices for video streaming.
Supposedly Disneyflix will be cheaper than Netflix and Hulu.
The cutest part is you believe that.
In the long-term, the new streaming services will drive UP competition and either drive DOWN market prices or drive UP quality/amount of content.
History says otherwise. None of these fractured services have resulted in lower costs. Every single service is more expensive now than they were years ago and when there were fewer options. It's so cute that you think companies will purposefully take in less money when they knownthey can charge more.
Also, please englighten me to the lower prices brought about by CBS All-Access. A single channel's content that costs nearly the same per month as what used to be the cost of both Hulu and Netflix combined. Yep, all that fracturing is showing great wins for consumers... NOT.
And as one can see from the video streaming market, no one comes in with lower prices and all the other players have all raised their prices. CBS All Access Pass is one such example. $10 a month for a single channel's content. Yep, the fracturing is so amazing for consumers...
No that's not my logic at all and thanks for failing to actually address my rebuttal. If "more competition" means lower prices then please feel free to explain how every streaming service is more expensive than it used to be despite more supposed "competition." It's almost as if corporations don't actually work that way...