Blame The Cord-Cutters For AT&T’s Sudden Drop In Share Price

AT&T predicted its own downfall last Wednesday when the company announced its loss in customers due to cord-cutting. Then on Thursday, October 12, shares of AT&T decreased by 6%.

On October 11, AT&T, which owns DirecTV, said in a regulatory filing it was set to report losing 90,000 video subscribers during its quarterly earnings announcement. And though the company gained 300,000 users for its OTT service, DirecTV Now, in the third quarter, it lost 390,000 cable and satellite TV...

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