When Exploiting Customers Becomes Unprofitable: Sprint's Painful Death
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Tech & AI Stories My name is Hari and this channel is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, my content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. I also cover the rise and fall of several interesting companies and services that we come across on a day-to-day basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to subscribe if you would like to see any of these topics Logically Answered. Also special thanks to my editors flick5832, imrikon, and vvsnet (Discord)!
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For the longest time, 3 telecom giants ruled the American market: AT&T, Verizon, and Sprint. These 3 were able to get away with the most outrageous anti-consumer policies and predatory contracts because there was no competition. But this changed in the early 2010s, when T-Mobile got a new leader, John Legere. John was determined to redefine how the telecom industry worked by eliminating contracts, hidden fees, and predatory pricing. AT&T and Verizon kept up as much as they could and largely came out unharmed, but Sprint took the blunt of the force. From trying to acquire T-Mobile themselves, Sprint ended up getting acquired by T-Mobile as they couldn’t sustain their business despite tens of millions of paying users. This video tells the story of the tragic fall of Sprint and how they lost it all. Earn Cash Back On Stocks: Up To $5,000 Per Year https://www.silomarkets.com/logic/ Free Weekly Newsletter With Insiders: https://logicallyanswered.co/ Socials: https://www.instagram.com/hariharan.jayakumar/ Discord Community: https://discord.gg/SJUNWNt Timestamps: 0:00 - Losing Everything 0:46 - Bad Bets 8:16 - Even Worse Bets 13:06 - A Bad Lifeline Resources: https://pastebin.com/fB5q4yCV Disclaimer: This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research. https://www.silomarkets.com/disclosures
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