QUICK SPARK: AT&T Sinks 11% In Worst Day Since 2000 As SpaceX Spectrum Deal Rattles Carriers
AT&T stock falls 11%, on track for its largest one-day loss since December 2000, after SpaceX agrees to buy nationwide low-band spectrum.
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Why It Matters
SpaceX bought radio frequencies that phone companies like AT&T use. When a big new player enters a business, it can shake up the whole industry and make people worried.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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