Financial news sites have reported that Verizon is selling AOL and Yahoo for $4.25 Billion to Apollo Global Management Inc. Apollo Global plans to use Yahoo for it's sports betting platform since it owns The Venetian Resort and has licenses to host gambling in 200 jurisdictions.
Verizon originally paid almost $9 Billion for AOL and Yahoo just a few years ago. The Plan for AOL and Yahoo was to form an internet advertising group named Oath, to compete with Google, Facebook and Amazon.
The Verizon sale of AOL and Yahoo to Apollo Global Management Inc. represents a $4 Billion loss from their purchase price.
What kind of lessons can you learn about investing and the stock market from the Verizon (VZ) investment? Even though this $4 Billion loss is not enough to affect Verizon stock, it does not instill confidence in the decisions of management.
Be @financially aware of what is going on with a stock before you consider investing in it.
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