Reported about 6 hours ago
EchoStar's stock has dropped significantly following reports suggesting the company is contemplating a Chapter 11 bankruptcy filing. This situation arises as the parent of Dish and Boost Mobile faces an FCC inquiry related to its 5G network buildout. Missed interest payments and regulatory pressures have compounded EchoStar's challenges, leading to a near 30% decline in stock value this year.
Source: YAHOO