Why T-Mobile US Stock Dropped Today
T-Mobile US (NASDAQ:TMUS) stock fell 5% through 11:15 a.m. Friday as investors panicked over a new report from Bloomberg:
Space Exploration Technologies (NASDAQ:SPCX) — already the leading player in satellite-based communications — is angling to lease 80,000 cellphone towers on the ground, and plans to build a fourth major mobile telecommunications company to compete with T-Mobile, Verizon, and AT&T.
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