Verizon bought AOl, HuffPost, Techcrunch and plenty of other media to build an advertising giant by pairing data with sites audience -- and took 4.6 BILLION WRITEDOWN on the whole venture [1] because failed to make it work.
[1] https://www.recode.net/2018/12/11/18136127/verizon-aol-yahoo...
EDIT: oh and AT&T will learn the same lesson with their recent 800M AppNexus aquisition. Just give it time.