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Keyword: comcastxfinity

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  • Comcast Xfinity Sees Huge Subscriber Loss, Shares Plunge

    09/13/2017 6:08:26 AM PDT · by george76 · 87 replies
    Newsmax ^ | Sunday, 10 Sep 2017
    Comcast, the parent company of MSNBC, saw its shares plunge this past week as the company said it expected a record drop-off of subscribers for its Xfinity cable and internet service. The selloff of shares began on Thursday when Matthew Strauss, a Comcast vice-president for Xfinity, told a Merrill Lynch media conference that the company was bracing for a dramatic loss of 100,000 to 150,000 subscribers in the third quarter of this year. Shares had closed Wednesday at over $41 a share, but Thursday’s announcement led to a 7 percent price decline -- the biggest drop in share price since...