During Tuesday’s Morning trade, Shares of Verizon Communications Inc (NYSE:VZ), dropped -0.14% to $44.24. The firm opened its current trade at $44.14, and as of now, it is trading at $44.23. The total volume traded for the day is 960,779.00 shares, as compared to its average daily volume of 15.54M shares. The stock is floating in a range of $ 44.14 - $ 44.32. The stock holda the market capitalization of $179.22B.
Verizon Communications Inc (NYSE:VZ) declared an initiative designed to connect with New York City’s tech community, in which it will open a coworking space at its landmark building at 140 West Street in lower Manhattan, across from One World Trade Center.
The space will provide flexible workspace options for startups and entrepreneurs seeking access to a networked community of diverse talent and expertise. Verizon is working with Grind, an practiced operator of premium membership-based coworking communities, to curate the experience.
“With a rapidly growing tech sector in New York City, and a desire by those firms for high-speed connectivity, reliability and stability, our building will be getting new life as a center of innovation and collaboration,” said John Vazquez, Verizon’s senior vice president for Global Real Estate.
“Grind is excited to form this collaborative partnership with Verizon to create a coworking location that will align with Grind’s mission to shape the future of work,” said Grind co-founder Benjamin Dyett. “Grind’s friction-free business model, premium aesthetic, and culture of innovation combined with Verizon’s technology and real estate expertise will deliver a powerful workplace experience to users of the space.”
Verizon has a history of entrepreneur empowerment through The Powerful Answers Award program, which has issued $16 million in awards to date with $6 million more to be awarded later this year.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide. The company’s Wireless segment offers wireless voice and data services; messaging services; service that enables its customers to access the Internet on smartphones, basic phones, notebook computers, and tablets; customers and business-focused multimedia offerings; location-based services; global data services; LTE Internet, a high-speed Internet service; and network access and value added services to support telemetry-type applications.
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