Verizon outage on Jan. 14 knocked millions offline — and even crypto traders felt the sting A widespread Verizon outage on January 14 left millions of customers without mobile and internet service for several hours after the company pushed a software update that went wrong. Service was intermittent for some users — briefly returning for a few minutes only to drop again — and took hours to fully stabilize. Verizon acknowledged the failure, saying, “Yesterday, we did not meet the standard of excellence our customers expect and that we expect of ourselves.” To compensate, the carrier is offering a $20 account credit to all affected customers. The company says that the credit — which is available to its roughly 146 million wireless subscribers through the Verizon app — should cover multiple days of service for the average user. Market and corporate context - The outage pressured Verizon’s shares: VZ stock has fallen nearly 4% over the past five days, with most of that decline concentrated in the last 30 hours. The stock is trading at about $39.37. - Analysts’ price targets range from $44 to $56, implying potential upside from current levels. - Investors will be watching Verizon’s Q4 earnings report at the end of the month for signs the company can steady momentum after the outage. - Separately, Verizon recently secured regulatory approvals for its acquisition of Frontier, a move expected to strengthen its fiber footprint and service offerings. Why crypto users should pay attention Even brief mobile or internet outages can disrupt trading for users who rely on smartphone apps and real-time price feeds. Large-scale carrier outages like this one are a reminder for crypto traders to consider backup connectivity and exchange access strategies, especially during volatile market periods. Read more AI-generated news on: undefined/news