[xfour]

Interesting, they just gobbled up the Mint Mobile MVNO for something like 1.35B which was already using their network and of course there's the Sprint for 26B and now are cutting jobs to save half that.

I wonder how much of this is the articles cable company wireless deals, and more just consolidation of jobs around the new megaco they've created.

[bombcar]

Isn't this the cycle of cell companies now? They have customer service go to shit, then an MVNO pops up with low prices and good service using their network, and then they got bought, and then it goes to shit and the cycle continues?

[candiddevmike]

Why does the market "reward" that behavior?

[gretch]

We don't actually know if this behavior is rewarded or not.

Possibly they succeed despite this behavior - some other part of the company is carrying the weight.

I have Google Fi (on the tmobile network) and I will say, my cell phone plan does work and is worth what I pay for it. So there's definitely some value generation via that.

[bombcar]

Because the market is kinda dumb, and it takes quite awhile to eat an elephant.

C.f. Bogle on "manager's capitalism": https://johncbogle.com/wordpress/wp-content/uploads/2019/08/... and similar things - much (too much?) of our "value" is financial shell games.