AT&T shares retreated sharply despite posting strong postpaid subscriber growth, as bullish outlooks from SpaceX executives shifted investor focus toward potential market disruption. Rivals Verizon and T-Mobile US followed the downward trend, reflecting widespread anxiety over the future of traditional cellular service models.
Streaming platforms faced their own volatility as Netflix shares dropped following the company’s slowest quarterly revenue growth in years. The firm is currently navigating a period of internal transition, characterized by staff cuts and a significant leadership overhaul aimed at increasing platform engagement. Conversely, Skydance defied the sector's gloom, rallying more than 9% on investor optimism. In a separate development, Getty Images initiated Chapter 11 bankruptcy proceedings, marking a transition toward private ownership under the Getty family and Koch Equity Development.
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