AT&T Loses $10 Billion in Value After Deplatforming Newsmax from Direct TV – Users Asked to Cancel Direct TV
[GatewayPundit] AT&T removed Newsmax from its Direct TV platform this year. TGP reported that at the same time that the media conglomerate de-platformed Newsmax, the same group was paying the cable license fee for 22 liberal organizations.
Since DirecTV dropped Newsmax on Jan. 24, AT&T’s stock has fallen by almost 7%, wiping nearly $10 billion from its market value.
The S&P 500 actually rose 0.37% between Jan. 25 and Feb. 10, while the Dow Jones Industrial Average declined just 1.84% between those dates.
Newsmax has been alerting its supporters about AT&T’s decision through its network, the fourth highest-rated cable news channel, reaching 25 million Americans, according to Nielsen.
Laughing so hard...
Senators Rand Paul and Ted Cruz and other leaders — including former Arkansas GOP Gov. Mike Huckabee; Sen. Ron Johnson, R-Wis.; Sen. Markwayne Mullin, R-Okla.; Dennis Prager — have encouraged Americans to switch their service providers.
Posted by: Woodrow 2023-02-14 |