Verizon Squashes Buyout Reports
Verizon Communications CEO Lowell McAdam said that the company is not holding discussions with partner Vodafone to purchase the remaining shares of Verizon Wireless. Verizon Wireless is a joint venture between Verizon Communications and Vodafone. Verizon Communications owns 55% of Verizon Wireless and Vodafone owns the remaining 45%. Reports surfaced earlier this week suggesting that Verizon Communications is looking to buy out its partner's stake in the joint venture. Lowell's comments, made to Reuters, put a stake in those reports.
Instagram Has a New Filter for Posts: Spam
Jun 29, 2017
Instagram today introduced two tools it hopes will help reduce toxic and spammy comments on users' posts. First, Instagram is adding a filter to block offensive comments that might be made on posts and videos.
Instagram Adds Filter to Comments
Sep 12, 2016
Instagram users can now filter out offensive words in comments. The company is rolling out a new tool that allows users to list words they find offensive.
Verizon CEO McAdam to Retire, Will Be Replaced by Vestberg
Jun 8, 2018
Verizon Communications today said long-serving Lowell McAdam will vacate his position as CEO on August 1. He will remain with the company as Executive Chairman of the Board through the end of the year, and then transition to a Non-executive Chairman role in 2019.
Verizon Adds LA to Short List of 5G Launch Cities
May 15, 2018
Verizon Wireless CEO Lowell McAdam today indicated that Los Angeles will be one of the carrier's first 5G markets, and that it will launch during the fourth quarter of the year. 5G is "a lot closer than people think," said McAdam.