AT&T Stock Falls After Supreme Court Rules Against Wireless Carriers in FCC Case
AT&T (T) fell by 3.23% following a Supreme Court ruling that supported the Federal Communications Commission's $57 million penalty against the company for selling confidential customer location data. The decision reinforces regulatory oversight over wireless carriers, and AT&T’s stock has dropped nearly 8% in one week amid increased scrutiny from regulators and competition concerns.
Topics: federal_regulation stock_movement telecommunications