AT&T was once one of the most dominant companies in the world having been founded by Graham Bell himself. AT&T and telecommunications were synonymous within the US. In fact, AT&T was so dominant that they would be split up the US government into several smaller companies. Even after the split up, the core of AT&T was stronger than ever with a market cap in the hundreds of billions and hundreds of thousands of employees. But the 2000s haven’t been so kind to AT&T. Not only has the stock not made a new high in 24 years, but AT&T is one of the most indebted companies in the world with a peak debt of 180 billion dollars. Most of this is due to just a few majorly misguided guided acquisitions of DirecTV and Time Warner Cable. This video tells the story of how AT&T slowly lost it all by themselves.
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Timestamps:
0:00 – The Worst Acquisition Of All Time
3:33 – Doubling Down
8:08 – Damage Control
Resources:
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