AT&T (NYSE: T) claimed its divestments of DirecTV in 2021 and WarnerMedia in 2022 would herald a new beginning for its aging business. The sales did mark an end to the telecom giant's ill-advised attempt to become a media titan, and the newly streamlined company declared it would focus on growing its core wireless and wireline businesses. Since that fateful day, AT&T's stock price is down 22% as the S&P 500 stayed nearly flat.
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