Telecom Stocks Takes a Hit Amidst Reports of Amazon’s Potential Entry into Wireless Market
Telecom giants AT&T Inc. (NYSE: T), Verizon Communications Inc. (NYSE: VZ), and T-Mobile US, Inc. (NASDAQ: TMUS) experienced a decline in stock prices today following surprising news. Bloomberg reports that Amazon.com, Inc. (NASDAQ: AMZN) is exploring the possibility of entering …