Verizon is shutting down the videoconferencing app it bought for $400 million - The Verge

TL;DR

Verizon is shutting down BlueJeans, its Zoom competitor it acquired in the early days of the covid pandemic, as reported by 9to5Google. BlueJeans was a huge acquisition for Verizon; when the deal was announced in April 2020, CNBC reported that Verizon was going to pay around $400 million for the company. At the time, videoconferencing companies like Zoom and BlueJeans were seeing increased usage during the pandemic, but now that many companies have implemented policies bringing workers back to the office, virtual collaboration apps aren’t quite as hot as they used to be

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