Diamonds and Dogs

1/25/23

AT&T (T) added subscribers. The telecom giant is up 5% following better than expected earnings as free cash flow rose to $14.1 billion for 2022, a bit higher than management's prior guidance and analysts' estimates of $13.8 billion. AT&T also reported 1.104 million subscribers in total postpaid net adds in the fourth quarter, higher than estimates of 906 million.

Google (GOOGL) taking a hit down nearly 3% a day after the U.S. Department of Justice and eight states filed an antitrust lawsuit against Google seeking the breakup of the company's online ad business. As of Dec. 2022, Google controlled more than 92% of the world's search traffic market share.

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