AT&T Loses Billions After Dropping Newsmax – Trump Reacts

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AT&T Loses Billions After Dropping Newsmax – Trump Reacts

On Tuesday, January 12th, 2021, telecommunications giant AT&T announced that it would be dropping Newsmax from its DirecTV and U-verse platforms. This move comes after weeks of controversy surrounding the conservative news outlet and its coverage of the 2020 presidential election. The decision was a surprise to many, as AT&T had previously defended its decision to carry Newsmax on its platforms. In the wake of the announcement, AT&T’s stock price dropped by more than 3%, resulting in a loss of billions of dollars in market value.

The decision to drop Newsmax from AT&T’s platforms has been met with both praise and criticism. Supporters of the decision argue that the news outlet has spread false information about the 2020 election and should not be allowed to continue to do so. Critics of the decision argue that it is a move to silence conservative voices and that it sets a dangerous precedent for the future of media.

The most vocal critic of the decision has been former President Donald Trump. In a statement released shortly after the announcement, Trump called the decision “a serious violation of the First Amendment” and said that it was “a direct attack on free speech”. Trump also accused AT&T of “trying to silence conservative voices” and said that the company was “trying to silence the competition”.

Trump’s criticism of AT&T has been echoed by many other conservative commentators. Fox News host Tucker Carlson called the decision “shocking” and said that it was “a direct attack on the First Amendment”. Other conservative commentators have accused AT&T of censorship and argued that the decision was politically motivated.

The decision to drop Newsmax from AT&T’s platforms has also been met with criticism from some liberal commentators. Many have argued that the decision was a “slap in the face” to free speech and that it sets a dangerous precedent for the future of media. Others have argued that AT&T should have taken a more nuanced approach to the decision, such as placing a warning label on Newsmax’s content or providing more context for its viewers.

While the decision to drop Newsmax from AT&T’s platforms has been met with criticism from both sides of the political spectrum, it is unclear what the long-term implications of the decision will be. It is possible that other media companies will follow AT&T’s lead and drop Newsmax from their platforms, which could have a significant impact on the news outlet’s viewership and revenue. It is also possible that the decision will be overturned in court, as several legal experts have argued that AT&T’s decision violates the First Amendment.

Only time will tell how the decision to drop Newsmax from AT&T’s platforms will play out. For now, it is clear that the decision has had a significant impact on AT&T’s stock price and that it has caused a great deal of controversy. It remains to be seen how the decision will affect Newsmax’s viewership and revenue in the long run, but one thing is certain: the decision has sparked a debate about the future of media and free speech in America.