Sirius-XM stock plunging as merger finalized

Within hours of Sirius and XM's storied merger finally closing, the stock fell 16 percent to $1.58, its lowest in 5 years. In the last 4 days, it's lost 42 percent of its value. Hear that snapping sound? That was the latex glove on the invisible hand.

[#1 posted by Anonymous , July 30, 2008 6:50 AM]

I am SO happy that I dumped XM a few years ago. The thought of paying for radio eventually overrode the fact that it was nice to have content that didnt fade after leaving an area while driving great distances. Now I hear there will be less content and who wins? Certainly not the consumer. Never the consumer.