On January 14th, Verizon (VZ) experienced a widespread service outage, causing millions of users' internet and mobile network connections to be interrupted for several hours. As a result, the company's stock price dropped accordingly. Verizon attributed the service outage to a software update issue and offered a $20 account credit as compensation to its 146 million wireless users. Over the past five days, Verizon's stock price has fallen nearly 4%, and the company will release its Q4 earnings report later this month.

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