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Media

Verizon Calling Out New York Times on Google Talk (VZ, GOOG)

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By Jon C. Ogg Updated Published
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Verizon Communications Inc. (NYSE: VZ) has been a huge part of the news flow today over it and Google Inc. (NASDAQ: GOOG) having a business relationship that could threaten net neutrality.  The problem is that the New York Times story may have been grossly blown out of proportion.  Verizon just issued a formal response:

“The New York Times article regarding conversations between Google and Verizon is mistaken.  It fundamentally misunderstands our purpose. As we said in our earlier FCC filing, our goal is an Internet policy framework that ensures openness and accountability, and incorporates specific FCC authority, while maintaining investment and innovation. To suggest this is a business arrangement between our companies is entirely incorrect.”

Sometimes ‘discussions’ get blown way out of proportion.  Whether this is a case of that happening or whether this is a company quickly backing down is for you to decide.

JON C. OGG

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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