✉news ScienceSpace first seen 13 h ago, last 9 h ago, peak #2
Verizon stock on track for worst day since 2002 amid SpaceX network plans
Original: Verizon stock heads for worst day since 2002 as SpaceX U.S. network plans whack telcos
Verizon shares are heading for their steepest single-day drop since 2002 after SpaceX unveiled plans to build a direct-to-cell network in the United States, sending shockwaves through the telecom sector. Investors fear satellite-based connectivity could erode carriers' dominance, with other telecom stocks also coming under pressure as markets reassess the competitive threat.
Why now: SpaceX's announced U.S. network plans raised fears of satellite competition undermining traditional telecom carriers.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1635725