Verizon-AOL: A War of All Against All – WSJ
When Steve Jobs released the first iPhone in June 2007, Apple Inc. and Verizon Communications Inc. were worth almost exactly the same in the public markets: About $115 billion. What came over the next eight years was one of the greatest transfers of power and wealth in corporate history. Mobile phone operators—who had been brutish, intractable gatekeepers to the customer—were turned into Apple’s lackeys….