Verizon shutting down mobile video platform Go90

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Verizon is shutting down its mobile video streaming service Go90, which launched in 2015 as a free, ad-supported service that showed a variety of licensed TV and video content.

Why it matters: The company invested millions in the video platform years ago, but recently alluded to the fact that it would be folding it into Oath, Verizon's content arm that includes properties like AOL, Yahoo, and Huffington Post.