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Verizon to shutter streaming video unit Go90

Verizon Communications Inc. VZ, +3.14% is shutting down its cellular video unit referred to as Pass90. Verizon stock is up zero.2% in after hours trading and closed up 3.1% to $50.86 all the way through the regular consultation. Pass90, which was once launched in 2015, has price Verizon hundreds of thousands and thousands of bucks in content material prices and advertising and marketing bills. Pass90 was once a unfastened, ad-supported streaming carrier that presented TV presentations, films, and different media. Verizon stock is up 3.nine% this 12 months, because the S&P 500 index SPX, +zero.62% has won 1.6%.