Verizon
Provides cell phone and internet service to millions of people in the United States.
📖 Its story
A long time ago, one single phone company, AT&T, ran almost all the phones in the United States. In 1984 it was split into several smaller companies, and one of them was Bell Atlantic. In 2000, Bell Atlantic joined with another company, GTE, and together they formed Verizon.
💵 How it makes money
It charges people and companies a fee every month for cell phone and internet service.
🤯 Fun fact
The name Verizon mixes 'veritas' (truth, in Latin) and 'horizon.'
👍 The good part
Lots of people pay for their plan every month, so money comes in steadily.
⚠️ The risk
Building and keeping up networks like 5G costs a huge amount, and it competes hard with AT&T and T-Mobile.
🧠 Did you get it?
What two words make up the name Verizon?
🗂️ Quick facts
- Founded in: 1983
- Founded by: It came from the breakup of the Bell System; in 2000, Bell Atlantic and GTE joined together
- Home: New York, New York
🔎 How to find it on the stock market
- Search the internet for VZ stock.
- You can also find it in your parents' investing app with the letters VZ.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Verizon. Ask your mom or dad to join the list.
Join the list