Verizon’s Multi-Billion-Dollar Play To Take On Netflix, Amazon, Google & Facebook – Ainsley O’Connell – Fast Company
As the access market nears saturation, Verizon is looking for growth in new areas, including content creation, led by its AOL acquisition – vying with Amazon, Netflix, Hulu, etc. – as well as smart cars, which Verizon calls “telematics.” Verizon may also acquire Yahoo.
Jim Tankersley and Brian Fung, at the Washington Post:
Tens of thousands of Americans will decline to report to work Thursday because of labor disputes, a surge that coincides with a fledgling sense of empowerment among workers who struggled for years to reap the gains of the economic recovery and which could mark a political and economic shift in the balance between employers and their employees.
The striking workers will include nearly 40,000 Verizon employees who walked off the job Wednesday in search of assurances that their positions will not be outsourced or automated in the near future, after contract talks with the company stalled.
The ranks also will include thousands of low-wage workers organized by the Fight for $15 campaign, which is pushing to increase the national minimum wage to $15 an hour. Organizers said that Thursday’s strike would be the campaign’s largest and would focus on picketing McDonald’s, one of the country’s largest employers of low-wage workers. The strikers will include McDonald’s employees but also workers from other fast-food chains, nursing homes and at least one university.
With the labor market tightening up, workers get more clout. Good.
Netflix, a leading Net Neutrality advocate, says it’s been lowering video quality for some customers to protect them from overrunning data caps.
The original headline on the story is wrong. Verizon didn’t say there’s no congestion. Verizon said there’s no congestion on its network, but there is congestion on the interconnections.