General Discussion

Mountainguy

(1,202 posts)

13. Greedy?

Thu Jan 16, 2025, 02:10 PM

Jan 16

They had to opt to stop providing any services in the biggest market in the country because the lowered rates were going to crush them.

You can't expect to offer than many underpriced plans and maintain bandwidth for your other users without massive costs.

It's a dumb law that was apparently put together either by people who had no idea what they were doing or were operating off the idea that because they are NY they can do whatever they want and companies will have to bend the knee.

If NY wants to provide cheap internet to the poor, then why don't they subsidize it instead of mandating that companies operate at a loss to provide it?

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MichMan pinkstarburst EX500rider 2119GCO

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AT&T kills home Internet service in NY over law requiring $15 or $20 plans [View all] LiberalArkie Jan 16 OP

Cheap, greedy bastards. That can't be that many people! -nt CrispyQ Jan 16 #1

To be fair, it's probably a considerable number pinkstarburst Jan 16 #9

Wow. I had no idea it was that many. CrispyQ Jan 16 #24

This message was self-deleted by its author WarGamer Jan 16 #2

Will universal basic income stop this loophole that corps use? Has anyone ever calculated in2herbs Jan 16 #3

What loophole are you referring to? MichMan Jan 16 #11

There will likely be no reprecussions to AT&Ts decision, hence a corporate loophole. Just as commentary, in2herbs Jan 16 #14

Why would there be repercussions to a company making a business decision ? MichMan Jan 16 #18

If corps are not "forced" (at times) to provide a product against their wishes because it goes against in2herbs Jan 16 #19

Yes n/t SickOfTheOnePct Jan 16 #27

Well ... yea Lurker Deluxe Jan 16 #29

To be fair SickOfTheOnePct Jan 16 #37

To be fair... Lurker Deluxe Jan 16 #39

My AT&T internet cost me $80.00 per month Emile Jan 16 #4

I pay $85 per month for fiber optic. totodeinhere Jan 16 #55

The closest fiber optic line is two and half miles Emile Jan 16 #56

Yes, I had 6 Mbps DSL when I lived in a rural area. n/t totodeinhere Jan 17 #57

State imposed price caps that are legitimately at or under the cost of rendering the service don't kelly1mm Jan 16 #5

Wild AT&T offers 10g of prepaid unlimited data for $25 a month LiberalArkie Jan 16 #6

For home internet? MichMan Jan 16 #7

I use the hot spot all the time and the prepay ATT is also used for the portable hot spots use for all sorts LiberalArkie Jan 16 #25

That would only last me days! in the stacks Jan 16 #41

For low income folks affected by this, I highly recommend PCs for People jmbar2 Jan 16 #8

That still is too much. in the stacks Jan 16 #47

greedy rat bastards! mike_c Jan 16 #10

How much does it cost AT&T to provide this service? Lets assume it is more than $15 per month. Why would kelly1mm Jan 16 #12

I'm referring to AT&T mike_c Jan 16 #17

How you do you know the service is still lucrative at these mandated price points? nt kelly1mm Jan 16 #44

Plus ATT has spent billions upgrading infrastructure. totodeinhere Jan 17 #58

Greedy? Mountainguy Jan 16 #13

AT&T gross profit for the twelve months ending September 30, 2024 was $73.123B, a 1.61% increase year-over-year. Celerity Jan 16 #22

Ok SickOfTheOnePct Jan 16 #28

What is their cost basis? Are they actually incurring a loss at the legally-mandated prices? Celerity Jan 16 #30

No idea SickOfTheOnePct Jan 16 #33

disagree Celerity Jan 16 #34

Fair enough SickOfTheOnePct Jan 16 #35

Gross ... Lurker Deluxe Jan 16 #31

see post 20 Celerity Jan 16 #32

I agree SickOfTheOnePct Jan 16 #36

Tax code is what it is Lurker Deluxe Jan 16 #43

Do you agree with governments mandating developers set aside a certain percentage of new residential builds for low cost Celerity Jan 16 #46

Well ... that would depend Lurker Deluxe Jan 16 #48

40K usd as a mandated price is not reality in most (if any) areas of the US Celerity Jan 16 #49

Agreed Lurker Deluxe Jan 16 #50

Did they break tax laws? MichMan Jan 16 #51

Gross profit is not net profit EX500rider Jan 16 #40

did I say it was? Celerity Jan 16 #53

So they would rather make $0 NameAlreadyTaken Jan 16 #15

The US govt should provide high speed internet for everyone in America at a low cost. Yavin4 Jan 16 #16

The Affordable connectivity program was a godsend from the Biden administration tishaLA Jan 16 #42

Poor AT&T also pays no income tax. maxrandb Jan 16 #20

Weak... Blue_Tires Jan 16 #21

AT&T: HOW DARE THEY REQUIRE US TO MAKE INTERNET AFFORDABLE TO EVERYONE! sakabatou Jan 16 #23

Low income internet users should consider themselves fortunate... hunter Jan 16 #26

So glad I didn't sign up with them claudette Jan 16 #38

Maybe the issue is means testing. Mosby Jan 16 #45

When a business is required to lose money on a service, they stop providing it. Bonx Jan 16 #52

Wonder if any other internet providers will follow ? MichMan Jan 16 #54