Comcast Stocks Continue To Fall

Comcast Inc, The nation's largest paid television operator service is seeing a large decline in customer. Michael Angelakis, Chief Financial Officer for Comcast stated that the decline is due to competition from other television operator service like Verizon's FiOS and DirecTV. The demand for technology has helped other television, internet service provider to offer better deals at cheaper prices. As of this morning Comcast's stock has fell from $2.15 to $18.58 in trading on the Nasdaq. Before the fall, Comcast shares already lost 25% of its share value. The company as a whole doesn't look to promising.