Last week I got a new iPhone. When I was changing my carrier from Verizon to T-Mobile I needed my account number. When I called Verizon, they lied and gave me the wrong number. The T-Mobile worker said this happens all the time. He knew the correct number because he has to change carriers often. This anecdotal evidence shows the challenges Verizon faces from competition. Verizon is in a tough business where T-Mobile has a legendary CEO in John Legere who is innovating constantly. Recently T-Mobile allowed customers to stream video without having it hit their data usage. Verizon has to constantly chase after whatever new innovation T-Mobile is making. Verizon has the G90 app which is geared towards reaching millennials who aren't paying for cable. I have a feeling it won't do well based on my own opinions of what users will watch. I'm not saying I'm the arbiter of all things content, but I saw a YouTuber I'm a fan of on the app, yet I haven't used it after my first try. The app tries to be a social network, which is difficult because it can't even get users to watch the content. Doing too many things at once is a recipe for failure. Verizon is chasing the trend led by Netflix and YouTube. I wouldn't want to invest in a company behind the trends because it has to spend money to catch up. I will be monitoring the App Annie stats because I could be wrong in my assessment. Currently the app is still ranked in the 300s in the App Store which is terrible, but it is creeping up to under 100 in the Google Play Store. The app gives away content for free, using ads to monetize viewers. This is the model YouTube is moving away from as it expands to YouTube Red. This further shows how behind Verizon is.