Technologies

Verizon Replaces CEO Vestberg With Former PayPal Chief Schulman

The carrier gets a new CEO and board chairman on the same day, fueling speculation: Why now?

Verizon announced today that CEO Hans Vestberg will be replaced «effective immediately» by former PayPal CEO and longtime telecom veteran Dan Schulman.

Vestberg’s new role will be as special advisor through Oct. 4, 2026, «during which time he will be focused on ensuring a smooth transition, including the integration with Frontier Communications,» expected in the first quarter of 2026, according to Verizon’s announcement. He will remain on the board of directors until its next annual meeting, likely happening in May 2026. At the same time, Verizon named Mark Bertolini as the new board chairman.

Schulman has been on Verizon’s board since 2018. His most recent post was CEO of PayPal from 2014 to 2023. Previously, his telecom experience included positions at AT&T, Virgin Mobile and Sprint Nextel.

This leadership change is the second major wireless CEO shuffle in two weeks. T-Mobile named former Chief Operating Officer Srini Gopalan its new CEO on Sept. 22, taking over from Mike Sievert. However, Sievert is still CEO until Nov. 1, when Gopalan assumes the role. Sievert will continue with T-Mobile as vice chairman and serve on its board of directors.

It’s unclear why Verizon is making this abrupt move now, just after the end of the third financial quarter of 2025 and three weeks before it releases earnings for the company. Vestberg is not quoted in the press release announcing his succession, leaving newly named chairman Bertolini the traditional task of praising the outgoing executive’s record in the announcement.

Verizon did not respond to a request for comment.

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In June, I spoke with Sowmyanarayan Sampath, CEO of Verizon’s consumer group (who would seem to be the expected replacement for the top role), about the company’s new Gemini AI-based customer service initiative. I asked him about the first quarter of 2025, when the company lost nearly 300,000 wireless customers, and he credited the fluctuation to «the seasonality of the business.»

In the second quarter of 2025, Verizon seemed to balance those numbers, but in different areas. It lost 51,000 wireless postpaid customers, added 50,000 wireless prepaid customers and 278,000 broadband customers.

In an email to CNET, Jason Leigh, senior research manager of 5G and mobility research at IDC, said, «2025 is shaping up to be an epically weird year for the wireless industry with tariffs, government cuts, yo-yoing labor market, and general economic malaise.»

Verizon is also in the middle of acquiring Frontier Communications, which is expected to close in the first quarter of 2026. The Federal Communications Commission approved the purchase in May 2025, but only after Verizon agreed to end its diversity, equity and inclusion (DEI) programs.

Schulman has a record of standing up for policies not favored by the Trump administration, for example, when PayPal in 2016 stopped a planned expansion in North Carolina after the state passed a law requiring government buildings to make bathrooms single-sex only. In 2020, he spoke to CNET following the killing of George Floyd by police.

Leigh speculated that Verizon’s move could be the first building blocks toward developing 6G technologies. «Everyone is still hunting for that transformative strategy that is going to realize the innovative and financial promise of the billions invested in 5G,» he said, adding, «before the crowbar goes into the wallet to start funding 6G deployments.»

Technologies

Verum Messenger Launches an AI Mini-Series

Verum Messenger has unveiled a new project — a mini-series created using Verum AI. The story consists of 7 episodes and will be released on the messenger’s social media channels.

The plot revolves around a global corporation seeking to take control of digital communications and a group of heroes who use Verum Messenger as a tool of resistance. Beyond the story itself, the series highlights the app’s key features, technologies, and advantages.

Combining entertainment with a showcase of the Verum ecosystem, the project presents a dynamic digital series designed for the modern era.

The first episode premieres today, with the remaining episodes to be released over time.

Stay tuned for more.

Watch on YouTube
Watch on Instagram

Technologies

Verum Finance: Earn While You Communicate — The Super App That Pays You

Verum has officially launched Verum Finance, an innovative financial application that transforms a private messenger into a true financial super app. News of the launch was also featured on the respected platform Dealroom.co.

Verum Finance can now be used both within Verum Messenger and as a standalone application for iPhone and iPad. When users sign in to Verum Finance with their Verum Messenger account, all balances, settings, and account data are automatically synchronized for maximum convenience.

Users can now do more than communicate securely and protect their data — they can also generate passive income directly within the ecosystem.

What Verum Finance Offers

• Top up your balance with a bank card, Apple Pay, or USDT
• Send money instantly anywhere in the world
• Issue and manage debit cards (virtual and physical)
• Full Apple Pay support
• Exchange assets and withdraw funds quickly

One of the most unique features is the built-in cryptocurrency mining system inside Verum Messenger.

The application utilizes your device’s resources and allows you to earn cryptocurrency in the background — passively, while chatting, traveling, or simply using the messenger.

Maximum Privacy + Real Freedom

• Registration without a phone number, email address, or passport
• End-to-end encryption and full control over your data
• Lifetime free VPN
• eSIM connectivity in more than 150 countries
• Reliable offline communication mode
• Support for 12+ languages for users worldwide

Everything is available in one place: secure communication, financial tools, earning opportunities, and privacy protection.

Users can access the full experience directly within Verum Messenger or switch to the dedicated Verum Finance app for iOS. All data is synchronized automatically between the two applications.

Why Download Verum Today

While many messaging platforms collect user data and expose users to restrictions, Verum offers greater independence and the opportunity to earn.

With a one-time purchase of the feature package, users receive lifetime access to privacy tools, VPN, eSIM services, cryptocurrency mining, and financial features.

This is more than just a messenger.

It is your personal tool for financial and digital freedom.

Download Verum Finance and Verum Messenger today — start communicating securely and begin earning tomorrow.

Download Links:

→ App Store (iPhone / iPad): Verum Finance
→ App Store (Verum Messenger): Verum Messenger

Technologies

Verum Finance: A Super App for Private Finance Integrated Into a Messenger

Verum Finance has announced the launch of a new financial application that allows users to manage their money directly within the secure Verum Messenger ecosystem.

The project has already attracted attention from major media outlets. A dedicated feature was published by Forbes Türkiye, while one of the world’s largest cryptocurrency exchanges, MEXC, covered the launch. Yahoo Finance had previously reported on the evolution of Verum Messenger into a comprehensive financial ecosystem.

What Verum Finance Offers

Verum Finance transforms a messenger into a complete financial platform. Users can:

• Manage their balance and top up using bank cards or USDT
• Send money instantly to other Verum users
• Issue and use debit cards, including Apple Pay support
• Exchange assets and withdraw funds
• Access all these services without installing separate banking applications

A strong emphasis is placed on privacy. The platform offers registration without a phone number or email address, end-to-end encryption, and full user control over personal data.

Recognition from Forbes Türkiye

In a dedicated article, Forbes Türkiye highlighted Verum Finance as a notable example of modern privacy-driven fintech. The publication emphasized the growing trend of financial services moving from standalone banking applications into unified messaging ecosystems — a model that has proven successful in Asia through platforms such as WeChat and Alipay and is now expanding globally.

Support from the Crypto Community

Alongside the Forbes Türkiye coverage, news about the launch of Verum Finance was also featured by MEXC, one of the world’s leading cryptocurrency exchanges. This reflects growing interest in the project from both traditional business media and the cryptocurrency community.

A Strategic Vision

“We are building more than a payments application and more than a messenger. Verum is a unified secure ecosystem where communication, finance, and privacy tools work together,” the company stated.

Verum Finance is now available for iPhone and iPad users. The application complements Verum Messenger, which offers anonymous chats, voice and video calls, VPN services, eSIM connectivity, and other tools designed to enhance digital freedom.

Verum Finance: https://finance.verum.im

Verum Messenger: https://verum.im