"Charter Communications Suffers Historic Stock Plunge Due to Surprising Subscriber Losses"

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Source: Yahoo Finance
"Charter Communications Suffers Historic Stock Plunge Due to Surprising Subscriber Losses"
Photo: Yahoo Finance
TL;DR Summary

Charter Communications (CHTR) stock plummeted over 15% after reporting a fourth quarter earnings miss and a surprise loss of broadband subscribers, with the company losing 61,000 internet customers compared to gaining 105,000 a year earlier. The decline is attributed to intense competition in the telecommunications industry, leading to concerns among analysts about the extent of subscriber losses and weaker average revenue per user.

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