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June 6, 2016

T-Mobile is giving every customer a share of its stock

John Legere, chief executive officer of T-Mobile US Inc., center, stands with employees after the opening of trading at the Nasdaq MarketSite in New York, U.S., on Tuesday, Oct. 27, 2015. T-Mobile US Inc. reported profit that missed analysts' estimates as giveaway promotions like free music streaming and price cuts on service plans that helped lure more than 1 million new monthly subscribers put pressure on the bottom line. Photographer: John Taggart/Bloomberg via Getty Images T-Mobile had another of its un-carrier events today, which now have so many regular giveaways they are starting to look like an episode of Oprah. First, the company announced that every current T-Mobile account holder on a postpaid plan will get one share of common stock in the company, which is currently worth about $43. New qualifying customers will also get one share once they sign up… Read More

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