Verizon Pulls the Plug on $400 Million Videoconferencing App Acquisition
Verizon is shutting down BlueJeans, the videoconferencing app it acquired for $400 million during the early days of the pandemic. BlueJeans' free Basic plan and free trial offerings will be discontinued on August 31st, but it is unclear how long paid customers will have access to the service. With many companies bringing workers back to the office, virtual collaboration apps like BlueJeans are no longer in high demand.
