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Thndr Claps » U.S. Claps » Tech 📲 » Another weak quarter from Verizon 👎

Another weak quarter from Verizon 👎

by Omar El Shorafa
September 15, 2022
Verizon, Claps, NYSE

The Clap
An increase in subscription prices earlier this year led to a subscriber decline for Verizon (NYSE: VZ). 

The Deets
CEO Hans Vestberg understands that increasing prices may have pushed away subscribers but still believes that the price hike was the correct decision.

Verizon is behind both of its biggest rivals, T-Mobile, and AT&T, in new customer acquisitions.

Why this Matters
Verizon’s stock fell more than 20% this year, with no sign of recovery so far.

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