"Dish Stock Hits Rock Bottom with Surprise Q3 Loss, Setting New Trading History"
Dish Network Corp. experienced its largest stock decline in history after reporting disappointing third-quarter revenue and a significant drop in wireless customers. The company's efforts to build a wireless broadband business have not been successful, as it lost nearly five times as many mobile customers as analysts had predicted. Dish has been struggling to compete with heavyweights like AT&T, Verizon, and T-Mobile in the wireless market. The company's debt exceeding $20 billion and rising borrowing costs have also hindered its ability to finance the wireless network. Dish's pay-TV business has also suffered, losing more subscribers than expected. Despite plans to merge with EchoStar Corp., the company still faces significant challenges ahead.