While I agree that this was a bad investment for Verizon and clearly it's a failure in many ways, the justification for the headline is massively misleading. Wr

While I agree that this was a bad investment for Verizon and clearly it's a failure in many ways, the justification for the headline is massively misleading. Writing down goodwill in and of itself is not evidence of anything. It's an accounting adjustment. The amount of goodwill on the balance sheet is just there to make things balance (thus the name) after an acquisition, and the goal is to get rid of the line item eventually. I guess it makes for an appealing lede with the big number of dollars, but it's meaningless. Focus on the real evidence of failure, not the balance sheet shenanigans.