(Bloomberg) -- Comcast Corp. slid the most in more than a year after reporting drops in broadband and cable subscribers, and predicting more losses to come.Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Israel Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Cord-

Comcast Falls as NBC Owner Sheds Broadband, Cable Customers::(Bloomberg) – Comcast Corp. slid the most in more than a year after reporting drops in broadband and cable subscribers, and predicting more losses to come.Most Read from BloombergLi Keqiang, China’s Second-Most Powerful Man for a Decade, Dies at 68Israel Latest: US Strikes Two Iran-Linked Facilities in SyriaTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Cord-

  • remoteloveEnglish
    612·
    1 year ago

    Stock price moving is not a tech story.

    • atx_aquarian@lemmy.worldEnglish
      13·
      1 year ago

      Yeah, too many things in this community are news about things that aren’t related to technology just because they pertain to a company that happens to use some technology as its product. However, this time, I think there is tech news to be gleaned in this story, as it indicates a shift in which tech people might be adopting, transitioning from what is still essentially one-to-many broadcast towards one-to-one, on-demand, streaming services. To me, this news confirms a trend in adopting one tech over another; this time , it’s not just about the politics or finances of a company that happens to sell something that has been considered technological. But maybe I just feel like seeing it that way right now. I could very well be a hypocrite in my judgment of “techness”.

      • remoteloveEnglish
        7·
        1 year ago

        It’s just a projection miss, not a massive shift. Comcast has ~32 million broadband subscribers so a decline of 18k is only ~0.06%.

        I believe the article talked about Xfinity and their 5G subscriber increase as well. That is not surprising since they were doing some really shitty dark pattern stuff on their website for it. It wouldn’t surprise me if half those people didn’t even know they had signed up for it.