r/verizon • u/333Nereus • 4h ago
Monthly bill increased by 50%
Shocked Verizon think this is acceptable. It's an elevator emergency POTS phone line in an apartment building. After 15 years of service they suddenly decide to remove the loyalty discount AND end the contract we were on. Immediate 50% increase overall which is hundreds of dollars extra a year.
I understand they want to push people away from POTS line because they cost more to maintain, but this kind of extreme increase only results in long-term resentment.
My family also has 4 lines with Verizon, two of them for well over 20 years. We weren't even getting a loyalty bonus as it turns out. All on Unlimited Plus plan. This elevator thing is the straw that broke the camel's back - we will be going to T-Mobile within the next few weeks.
I don't know what is going on at Verizon, but they appear to be losing customers at an alarming rate, and it's all self-inflicted.
I'm considering shorting their stock. They somehow beat expectations with their July earnings report, but there's blood in the water...