Ina Fried

Recent Posts by Ina Fried

T-Mobile Shares Drop After Company Details Plan for Follow-On Offering

NYSE Floor

T-Mobile said Monday that it plans to sell 66 million shares in an effort to bulk up its corporate war chest to potentially acquire spectrum or make other capital improvements.

Underwriters will also have an option to purchase up to an additional 6.6 million shares.

Shares, which had closed lower during regular trading, dropped a further 87 cents, or 3.2 percent, following T-Mobile’s announcement.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work