Verizon wants $1 billion discount on Yahoo deal | Crunch Report

TL;DR

Verizon is requesting a $1 billion discount on its $4.8 billion deal to acquire Yahoo due to recent hacking and email scraping concerns, Facebook launches a standalone events app, and Maserati is planning to release an electric car by 2020.

Transcript

Verizon once a 1 billion dollar discount on the Yahoo deal Facebook unveils a standalone events app Maserati wants to have an electric car vehicle out by 2020 and more it's friday october seven and this is crunch report happy friday i'm the CEO the tech world no i'm not because it's too hard for me to read but let's get you some news and let's get ... Read More

Key Insights

• 🔒 Verizon's request for a $1 billion discount on its Yahoo acquisition highlights the potential impact of security breaches on company valuations.
• 😀 Facebook's standalone events app aims to improve event organization and discovery, catering to the growing popularity of events on the platform.
• 💙 The development of a road that emits a blue glow for cyclist safety showcases innovative approaches to enhancing road infrastructure.
• 🦺 The trade-in programs for the Samsung Note 7 indicate a swift response from major carriers to address safety concerns and protect customer interests.
• 🚙 Maserati's plan to release an electric car by 2020 demonstrates the growing trend in the automotive industry towards electric vehicles and the need for differentiation among competitors.

Questions & Answers

Q: Why is Verizon seeking a $1 billion discount on their deal with Yahoo?

Verizon is requesting a discount due to concerns over recent hacking and email scraping incidents that may affect Yahoo's valuation. If Yahoo did not disclose these events to Verizon before the deal was signed, it could lead to negotiations for a lower price.

Q: What does the standalone events app from Facebook offer?

The new standalone app, called Events, allows users to keep track of upcoming events they have RSVP'd to, import calendars, and discover new events. It aims to streamline event planning and organization.

Q: What is unique about the road built in Poland?

The road emits a blue glow for up to 10 hours in the dark, improving cyclist safety at night. The engineering firm behind it has plans to expand the technology to other cities in Poland and potentially incorporate it into roads used by cars.

Q: What trade-in programs have been instituted for the Samsung Note 7?

Following reports of replacement devices catching fire on an airplane, major carriers such as AT&T, Verizon, T-Mobile, and Sprint have implemented trade-in programs for the Note 7. This allows customers to exchange their device for a different phone, prioritizing customer safety.

Summary & Key Takeaways

• Verizon is reportedly asking Yahoo for a $1 billion discount on their $4.8 billion deal due to concerns over hacking and email scraping, potentially impacting Yahoo's valuation.

• Facebook has introduced a standalone events app that allows users to organize and view upcoming events, import calendars, and discover new events.

• A road in Poland has been designed to emit a blue glow for cyclist safety at night, with plans to expand the technology to other cities in Poland, and potentially to roads used by cars.

• Major carriers, including AT&T, Verizon, T-Mobile, and Sprint, have instituted trade-in programs for the Samsung Note 7, following reports of replacement devices catching fire on an airplane.

• Maserati is lagging behind in electric vehicle plans but aims to release a fully electric car by 2020, promising something unique and different.