Verizon blames government spending cutbacks for its poor phone subscriber numbers
1. Verizon lost 289,000 postpaid phone subscribers, exceeding expectations. 2. Federal government cuts are blamed for the unexpected subscriber decline. 3. Company's revenue rose slightly to $33.5 billion, surpassing forecasts. 4. DOT and FAA contracts may face scrutiny, affecting Verizon's revenue stream. 5. DOGE's actions could impact Verizon's business relationships negatively.