Photo: Richard Levine/Corbis via Getty Images.

Verizon says its media arm, Oath, which consists of AOL, HuffPost, Yahoo and other digital brands, is struggling to drive revenue.

Why it matters: When Oath was created in 2017, executives pitched its advertising business as being a serious ad competitor to Google or Facebook, but it has thus far failed to position its growth to take on those tech giants over the long-term.

  • According to Verizon, revenues for Oath were $1.8 billion in 2018's third quarter, 6.9% below the same time last year.
  • The company says it expects Oath revenues "to be relatively flat" in the near-term and "does not expect to meet the previous target of $10 billion in Oath revenues by 2020."

Between the lines: Oath is still the fourth-most trafficked platform on desktop and web, according to the latest web rankings from comScore, surpassing properties like Amazon and Twitter.

  • The problem is that it hoped to grow its revenue by increasing ad revenue, which is a more competitive sector now that companies like Amazon, Snapchat and Pinterest are doubling down on advertising for their business models as well.
  • Oath is expected to grow its ad business by just 2% over the next four years while Amazon expects its ads arm to see a 45% jump by 2020, per eMarketer.

Go deeper

Deadly storm Zeta pummels parts of Alabama and Florida

A satellite image of Hurricane Zeta. Photo: National Hurricane Center/NOAA

Former Hurricane Zeta has killed at least one person after a downed power line electrocuted a 55-year-old in Louisiana as the storm's powerful winds and heavy rainfall moved into Alabama overnight.

What's happening: After "battering southeastern Louisiana and southern Mississippi," Zeta weakened to a tropical storm over central Alabama early on Thursday, per the National Hurricane Center.

Taiwan reaches a record 200 days with no local coronavirus cases

Catholics go through containment protocols including body-temperature measurement and hands-sanitisation before entering the Saint Christopher Parish Church, Taipei City, Taiwan, in July. Photo: Ceng Shou Yi/NurPhoto via Getty Images

Taiwan on Thursday marked no locally transmitted coronavirus cases for 200 days, as the island of 23 million people's total number of infections reported stands at 550 and the COVID-19 death toll at seven.

Why it matters: Nowhere else in the world has reached such a milestone. While COVID-19 cases surge across the U.S. and Europe, Taiwan's last locally transmitted case was on April 12. Experts credit tightly regulated travel, early border closure, "rigorous contact tracing, technology-enforced quarantine and universal mask wearing," along with the island state's previous experience with the SARS virus, per Bloomberg.

Go deeper: As Taiwan's profile rises, so does risk of conflict with China

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Fauci says U.S. may not return to normal until 2022 — Trump's testing czar: Surge "is real" and not just caused by more tests Some coronavirus survivors have "autoantibodies."
  3. Business: Consumer confidence sinking Testing is a windfall.
  4. World: Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.

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