Charter Sued After Record Stock Drop, Internet Customer Losses

Charter Communications Inc. downplayed impacts of losing a federal program for low-income Internet customers before disappointing financial news and a record market selloff, a proposed class action said.

The Spectrum provider’s stock price plummeted more than 18% to close at $309.75 per share on July 25, the day it revealed losing 117,000 Internet clients and lackluster earnings growth in the second quarter of 2025. It was the stock’s biggest one-day tumble since Charter’s 2009 market debut, according to data compiled by Bloomberg.

The Internet customer loss in the second quarter was almost double the 60,000 reported for the first quarter. ...