

SOTS 2nd Hour: SEC Chair Atkins, The Netflix Playbook, and AT&T + Applied Digital CEOs 10/22/25
Oct 22, 2025
In this discussion, SEC Chair Paul Atkins weighs in on the implications of a potential government shutdown on corporate filings and IPOs. He also addresses the growing trend of meme stocks and regulatory actions surrounding them. AT&T CEO John Stankey shares insights on subscriber growth and the company's strategy in broadband and wireless amid evolving market demands. Wes Cummins from Applied Digital unveils plans for a $5 billion AI factory, while analyst Alan Gould analyzes Netflix's quarterly results and speculates on potential acquisitions.
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Convergence Lowers Churn And Raises Value
- AT&T sees broadband and wireless convergence as a durability play that lowers churn and boosts lifetime value.
- John Stankey says ARPU pressure can be "a feature, not a bug" when bundling services increases long-term customer value.
Fiber First, Fixed Wireless Where Needed
- AT&T targets fiber for 60M+ homes but uses fixed wireless where fiber won't be built.
- Stankey says fixed wireless complements fiber and can be especially profitable for business customers.
Shutdown Slows SEC Review Work
- The SEC is partially hamstrung by the government shutdown under the Anti-Deficiency Act.
- Paul Atkins says staff generally cannot work and that process delays are already affecting corporate actions.