AT&T's MASSIVE MISTEP

From Seeking Alpha...

*The management team at AT&T decided, after months of negotiations, to sell anime streaming service
Crunchyroll to Sony.
*This move will help the firm pay down debt, but it's a massive mistake for the firm strategically.

* Not only does it weaken the company's shift to streaming, it drastically undervalues the platform.

No person and no firm is perfect. They all make mistakes. Some are forgivable. Others are just outright painful and illustrate a significant misunderstanding of market potential. It’s in this second group that AT&T (T) falls in regarding its management team’s decision to divest of its stake over anime streaming service Crunchyroll. Despite bringing in a nice amount of cash and the service itself comprising a small piece of AT&T’s overall value, the company basically decided to give away the firm for a steep discount to what it should be priced at."

Sounds about right considering our leadership. Buy companies at a premium to their value, then sell the company at a discount to its value. At least in this case, management didn't completely ruin the company before unloading it.

Comment! It's anonymous!

6 replies (most recent on top)

Stank remains very arrogant , condescending after terrible strategic decisions that costs billions $ and thousands of positions. It is almost as if sociopath Stank is a bystander and others (employees, customers, pandemic, market, competition, sinister forces, etc. ) are the problem. It has taken a toll internally. He has not aged well ; gained a lot of weight and looks like he has been beaten .

What’s fascinating is how Stephenson and stanky et al thought they could do exactly what att in the 1990s did and fail but why are so brilliant they would not.

insider info:

Crunchyroll had 3.2 mlion paying subscriber, more than DirectV and HBOMAX COMBINED, why?

know that 60% of DIRECTV are bogus or not paid since MARCH 2020 , AND 45% OF AT&T'S Hbomax accouns are Free Accounts

id–t stunky at work

Well you know how we like to roll, buy high and sell low....

Watch Sony sell it for $18 billion after a few years. Nothing would surprise those who are used to Stankey's "reverse Midas touch."

Thread regarding AT&T layoffs

AT&T's MASSIVE MISTEP

6 replies (most recent on top)

Post a reply