- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
AT&T’s stock price hit a 29-year low on Friday and continued to sink today as investors fled telecom stocks on reports that cleanups of lead-covered telephone cables could cost the industry tens of billions of dollars.
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Let the big three fall. Decentralize them and remove their overreaching control on the networks. All they do is sick money out of our pockets both directly and indirectly.
Driving by one of their stores the other day and thought to myself, “Who the hell uses AT&T anymore?!”
They’ve had shit service since before T-Mobile existed. Literally let a noone come from nowhere just gobble up their market share.
It’s super location specific. I’ve been lots of places where no one except AT&T subscribers had coverage.
Oh noes! Whatever are we gonna do? Fuck corporations of all kinds. Fuck their wealthy backers too.
You know companies need to exist so you can have and do nearly everything you rely on in your life right? Unless you want the state to control all means of production, which I would not recommend, there is a lane where corporations do need to exist and you’re absolutely free to invest in their businesses (or not) just like everyone else.
I believe that stock prices have at best a tiny relationship to the corporation’s health, except in extreme cases.
It’s mostly a picture of wealthy and powerful elites manipulating equity prices for their own gain. Completely rigged by people whose only concern is control.
But hey, we should be happy. Use Your Illusion. If we are intentional, free, and authentic they cannot touch our souls.
Also, a majority of stocks are never traded, really. It’s just sitting there in ETF or other funds/depots without ever being looked at.
The short term price differences are solely based on valueless trades back and forth.
