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

Verizon and AT&T once dominated the telecommunications industry with near-monopoly 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
1:01 - Big Plans & Big Bets
5:37 - Expectations vs Reality
8:38 - Refocusing
13:50 - Verizon Today

Resources:
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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