Communications Services Down on Rate Bets — Communications Services Roundup
Provided by
Dow Jones
Communications services companies ticked down on doubts about the outlook for rate cuts.
Trump Media & Technology, owner of former President Donald Trump's Truth Social network, said it has finished research and development of a live TV streaming platform and that it plans to begin building its own content delivery network, called "CDN." Shares of the company fell amid concerns about insiders' plans to sell shares.
Elon Musk's SpaceX began a crackdown on users who are connecting to its Starlink high-speed internet service from countries where it hasn't been authorized.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 16, 2024 18:14 ET (22:14 GMT)
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