Verizon

Wireless insiders charged in phone-access scam

hand putting a SIM card into a phone
SIM card. Photo: Paul Zinken/picture alliance via Getty Images

The Department of Justice filed charges against a Verizon employee and 2 employees of stores selling AT&T service for using their access to hijack customer accounts.

Why it matters: Especially in the AT&T case where the accused were employees of a contractor and not AT&T itself, the cases raise questions about companies' ability to control employee behavior when the workers are able to steal data or funds from a customer.

Verizon looks for Tumblr's next buyer

In this image, someone holds a phone with the Tumblr login screen displayed. The text on the screen reads: Customize how you look, be who you want.
A user tries to install Tumblr on his phone. Photo: Nasir Kachroo/NurPhoto via Getty Images

Verizon is seeking to unload Tumblr, the social network acquired by Yahoo for $1.1 billion back in 2013, per WSJ.

Why it matters: Tumblr, while unprofitable, remains home to over 450 million blogs and once was at the vanguard of social media.