Verizon stock in focus after FCC rewrites phone-unlocking rule tied to fraud losses
The FCC revised its rule requiring Verizon to unlock phones 60 days after activation, following Verizon’s warnings of rising fraud losses. Verizon shares fell 1.5% to $39.84 Monday, matching its quarterly dividend. The company reported losing nearly 785,000 devices to fraud in 2023. Investors await earnings for updates on churn and cash flow.