The Inside Story Of Level 3
from the a-telecom-some-people-still-believe-in dept
Fortune has an interesting "behind-the-scenes" look at the history of internet backbone provider Level 3, whose valuation has dropped considerably (then again, whose hasn't?), but who still has a core group of believers - most of whom are based in Omaha. It seems that many people have simply put complete trust in Level 3's chairman, Walter Scott, who they seem to believe in despite the company losing over 95% of its value. The story also talks about Scott's friend, Warren Buffett, who they say won't admit to investing in Level 3 at the time they went to press. That has just changed.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
