Stock Market does not like AT&T buying Time Warner
By stealthy
@stealthy (8181)
United States
October 28, 2016 5:44pm CST
The price of AT&T stock has dropped significantly since it was announced that they had bought Time Warner for close to $10 billion. Some large fund managers whose funds are heavily invested in AT&T are hoping that the FCC will not approve of the deal since they think AT&T would be better off not doing it. I know I don't like the way the value of my investment in it has dropped.
1 person likes this
1 response
@tipay26 (867)
• Philippines
31 Oct 16
@stealthy I can understand where you are coming from.I believe AT&T is one of the largest telecommunications company and there may be a lot of reasons why their stocks dropped.I also believe that they are also into internet providers, cable tv channels., cellphones and gadgets to name a few.If the demand for these services that they offer increases I believe that their income and stocks will go up specially if customers will buy and take advantage.The stock dropped maybe because of the demand on their products and services.
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