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Freeserve shares tumble
Market reacts to unmetered hysteria
Tue 7 Mar 2000 //
16:40 UTC
The share price of Britain's favourite monster ISP, Freeserve, plummeted almost 20 per cent today. Before trading closed Freeserve stock was down 170.50p to 709.00p, wiping loadsamoney off the value of the company.
BT's share price fell almost ten per cent, down 118.00p, during the day's trading. Today, NTL announced it was to provide flat-fee unmetered access to the Net. The performance of Freeserve's and BT's shares may have had something to do with that. Possibly. ®
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