They own Yahoo and AOL, I'm claiming this is just in-house strategy presented in a theatrical ceremony. They also own things like HuffPost, Engadget and TechCr

They own Yahoo and AOL, I'm claiming this is just in-house strategy presented in a theatrical ceremony. They also own things like HuffPost, Engadget and TechCrunch... It's no secret that Facebook has siphoned news revenue without having to actually do the hard and pricey work of journalism. Someone probably drew a chart of all of Verizon's properties and figured out that Facebook is an expensive middleman between them. I'm not a big fan of Verizon but they certainly do know how to run a business.