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Verizon doesn't have to raise prices; they made $5.1bn in profit last year: http://money.cnn.com/2014/01/21/technology/mobile/verizon-earnings/index.html http:/
by danudey 12y ago
Verizon doesn't have to raise prices; they made $5.1bn in profit last year: http://money.cnn.com/2014/01/21/technology/mobile/verizon-earnings/index.html http://money.cnn.com/2014/01/21/technology/mobile/verizon-ea...
They just don't want to have to re-invest it in their network if they can force Netflix to do so instead.
- danielweber 12y agoAn absolute figure tells us nothing. Unless any company that has a profit should never raise prices on anything. And just to show how the numbers can be cherry-picked, in 2012 Verizon had a net profit margin of less than 1 percent.