Smartphones

Government shutdown halts FCC device approvals

FCC logo displayed on smartphone
FCC logo displayed on smart phone. Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Add another potential casualty of the government shutdown: tech product launches.

The big picture: The Consumer Electronic Show is taking place in Las Vegas this week, where gazillions of products get announced. But the Federal Communications Commission — the agency tasked with authorizing new devices using radio frequencies — is on furlough along with the rest of the federal government.

Verizon's moment of clarity

Verizon CEO Hans Vestberg. Photo: Steven Ferdman/Getty Images

Verizon has finally figured out that it way overpaid for Yahoo and AOL, perhaps after going back and reading all the contemporaneous media analysis and armchair tweets.

Details: The company, now led by a CEO who prioritizes media like Bill Belichick prioritizes fashion, yesterday wrote down the value of its entire Oath unit by $4.6 billion. For context, Oath basically consists of Yahoo ($4.8 billion purchase last year) and AOL ($4.4 billion in 2015).

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