Homepage / Technology / Apple co-founder, ‘father of the internet’ to FCC: ‘You don’t understand how the internet works’
Amazon says this Prime Day was its biggest shopping event ever Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on As stocks regain their footing, an ominous warning looms Goldman Sachs downgrades Clorox to sell, says valuation is 'unsustainably high' How Satya Nadella has spurred a tripling of Microsoft's stock price in just over four years Kudlow says economic growth could top 4% for 'a quarter or two,' more tax cuts could be coming The one chart that explains Netflix’s stunning comeback US housing starts plunge 12% in June to a nine-month low Aerospace titans Boeing and Airbus top $110 billion in orders at Farnborough Target uses Prime Day to its advantage, logging its 'biggest online shopping day' so far this year Billionaire Marc Lasry sees bitcoin reaching up to $40,000 as it becomes more mainstream and easier to trade These are the 10 US airports where you're most likely to be hacked Amazon shares slightly higher as investors await Prime Day results Wreck of Russian warship found, believed to hold gold worth $130 billion A bullish ‘phenomenon’ in bond market is weeks away from fading, top credit strategist says Stocks making the biggest moves premarket: MS, GOOGL, TXN, UAL, NFLX & more Twitter shares up 50% since late April means most upside priced in, analyst says in downgrade EU fines Google $5 billion over Android antitrust abuse Mortgage applications fall 2.5% as buyers struggle to find affordable homes America may not have the tools to counter the next financial crisis, warn Bernanke, Geithner and Paulson Investors are getting spooked as the risk of a no-deal Brexit rises EU expected to fine Google $5 billion over Android antitrust abuse Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections Elon Musk apologizes to British cave diver following baseless 'pedo guy' claim Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever Xiaomi shares notch new high after Hong Kong, mainland China stock exchanges reach agreement The trade war is complicating China's efforts to fix its economy European markets set for a strong open amid earnings; Google in focus Hedge fund billionaire Einhorn places sixth in major poker tournament The biggest spender of political ads on Facebook? President Trump Asian stocks poised to gain after Fed's Powell gives upbeat comments; dollar firmer Stocks are setting up to break to new highs Not all FAANG stocks are created equal EU ruling may be too little, too late to stop Google's mobile dominance Cramer explains how Netflix's stock managed to taper its drop after disappointing on earnings Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation Amazon sellers say they were unfairly suspended right before Prime Day, and now have two bad choices Investor explains why 'duller' tech stocks can have better returns than 'high-flying' tech names Elon Musk is 'thin-skinned and short-tempered,' says tech VC Texas Instruments CEO Brian Crutcher resigns for violating code of conduct Google Cloud Platform fixes issues that took down Spotify, Snapchat and other popular sites Uber exec: We want to become the 'one stop' transportation app 'What a dumb hearing,' says Democrat as Congress grills tech companies on conservative bias Amazon shares rebound, report says Prime Day sales jumped 89 percent in first 12 hours of the event How to put your medical history on your iPhone in less than 5 minutes Investment chief: Watch these two big events in 2018 Even with Netflix slowing, the market rally is likely not over Cramer: Netflix subscriber weakness debunks the 'sky's the limit' theory on the stock Netflix is looking at watch time as a new area of growth, but the competition is stiff Why Nobel laureate Richard Thaler follows Warren Buffett's advice to avoid bitcoin Rolls-Royce is developing tiny 'cockroach' robots to crawl in and fix airplane engines After Netflix plunge, Wall Street analysts forecast just tame returns ahead for the once high-flying FANG group Roku shares rise after analyst raises streaming video company's price target due to customer growth China is investing 9 times more into Europe than into North America, report reveals Amazon says US Prime Day sales 'so far bigger than ever' as glitch is resolved Netflix is on pace for its worst day in two years US lumber producers see huge opportunity, rush to expand San Francisco to consider tax on companies to help homeless Homebuilder sentiment, still high, stalls as tariffs, labor and land drive up costs Powell backs more rate hikes as economy growing 'considerably stronger' Netflix history is filled with big stock declines – like today – followed by bigger rebounds Intel shares get downgraded by Evercore ISI due to rising competition from Nvidia, AMD Petco aims to reinvent the pet store with something you can't buy online Genetic testing is coming of age, but for consumers it's buyer beware Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows Netflix weak subscriber growth may indicate a 'maturity wall' that could whack the stock even more: Analyst This chart may be predicting the bull market's demise Wall Street says Netflix's stock plunge is a ‘compelling’ buying opportunity because the streaming giant ‘never misses twice’ Tesla sinks after Musk tweets, again Boeing announces new division devoted to flying taxis Stocks making the biggest move premarket: NFLX, UNH, GS, AMZN, WMT & more Deutsche Bank downgrades Netflix, but says big subscriber miss is not 'thesis changing' IBM is experimenting with a cryptocurrency that’s pegged to the US dollar North Korea and Zimbabwe: A friendship explained Virgin Galactic spinoff Orbit to launch rockets from the UK with space deal Artificial intelligence will create more jobs than it destroys? That’s what PwC says ‘Treasonous’ Trump and ‘Putin’s poodle:' Scathing headlines follow the Trump-Putin summit China’s fintech companies offer ‘enormous’ opportunity, investment manager says Trump's performance at summit with Putin was 'unprecedented,' experts say Walmart and Microsoft link up on cloud technology as they both battle Amazon European stocks seen mixed amid earnings; Fed’s Powell to address Congress How I knew I should quit my day job and run my start-up full-time: Viral website founder China's stocks have been trounced, but the trade war may ultimately be good news for those shares Billionaire tech investor Peter Thiel bets on crypto start-up Block.one Asian shares subdued open after mixed close on Wall Street; energy stocks under pressure Amazon cloud hits snags after Amazon Prime Day downtime Netflix isn't doomed by one quarter unless people start questioning the long-term investor thesis Tech stocks set to sink on Tuesday after rough evening for ‘FANG’ Netflix plummets after missing big on subscriber growth This wristband lets humans control machines with their minds The U.S. has a rocky history convincing Russia to extradite computer criminals Amazon suffers glitches at the start of Prime Day Jeff Bezos is now the richest man in modern history 'The United States has been foolish': Read Trump and Putin's full exchange Goldman Sachs recommends these 5 highly profitable companies — including Nvidia — to combat rising inflation Goldman Sachs releases 'tactical' stock picks for this earnings season Three red flags for Netflix ahead of its earnings report The bond market may be raising recession fears, but don't expect one anytime soon Cramer: Banks are 'making fortunes' but are still as hated as they were during the financial crisis Putin told Trump at summit: Russia never meddled in US election

Technology

Apple co-founder, ‘father of the internet’ to FCC: ‘You don’t understand how the internet works’

The Federal Communications Commission is set to vote Thursday on whether to repeal the 2015 Obama-era regulations protecting net neutrality, laws which ensure an open and free internet.

A group of 21 pioneers of the internet including Vinton G. Cerf, often dubbed the “father of the internet” for his early work developing the technology, and Steve Wozniak, the co-founder of Apple, published an open letter demanding the Restoring Internet Freedom Order vote be canceled.

The tech giants don’t tread lightly: “You don’t understand how the Internet works,” the header of the statement reads, referring to the FCC.

“We are the pioneers and technologists who created and now operate the Internet, and some of the innovators and business people who, like many others, depend on it for our livelihood. We are writing to respectfully urge you to call on FCC Chairman Ajit Pai to cancel the December 14 vote,” the letter, published Monday, reads.

It’s addressed to four members of Congress, all of whom hold roles on the technology and innovation committees: Roger Wicker (R, Miss.), Brian Schatz (D, Hawaii), Marsha Blackburn (R, Tenn.) and Michael F. Doyle (D, Penn.). None have responded, signatory Scott Bradner tells CNBC Make It on Wednesday.

In a piece he penned for The Wall Street Journal, Chairman Pai lobbies for a repeal of the current neutrality mandates, which require internet access providers like Verizon, AT&T, Charter and CNBC parent company Comcast to be equal in their distribution of bandwidth. Instead, he favors a framework that requires such companies simply to be “transparent” about distribution of service. He argues the Obama-era mandates are too “heavy-handed.”

However, according to the letter, repealing these regulations will eliminate key protections that “prevent Internet access providers from blocking content, websites and applications, slowing or speeding up services or classes of service, and charging online services for access or fast lanes to Internet access providers’ customers.” There would be inadequate protections for “consumers, free markets and online innovation,” reads the letter.

Additionally, the signatories assert the FCC’s proposed order “is based on a flawed and factually inaccurate understanding of Internet technology,” and refer back to a 43-page dossier submitted by a group of some 200 internet pioneers in July, which, among other things explains these inaccuracies.

“In short, if the current rules are not preserved, the rapid pace of innovation the Internet has experienced over the last forty years could come to a disastrous halt,” the July dossier declares.

Monday’s letter also says the review process for the proposed rule has been unacceptable.

“The FCC’s online comment system has been plagued by major problems that the FCC has not had time to investigate. These include bot-generated comments that impersonated Americans, including dead people, and an unexplained outage of the FCC’s on-line comment system that occurred at the very moment TV host John Oliver was encouraging Americans to submit comments to the system,” the letter published Monday says.

The New York Attorney General has sharply criticized the FCC for not responding to these fake comments.

As such, the tech pioneers oppose the upcoming vote.

“The FCC’s rushed and technically incorrect proposed Order to abolish net neutrality protections without any replacement is an imminent threat to the Internet we worked so hard to create. It should be stopped.”

An email from CNBC Make It to the FCC had not been responded to by the time this story was published. But in his November Journal article, Commissioner Pai said he believes removing regulation on broadband companies is the best way to support the industry.

“In the next few weeks, anti-market ideologues are going to try to scare the American people. They’ll argue that government control is the only way to assure a free and open internet. They’ll assert that repealing utility-style regulation will destroy the internet as we know it and harm innovation. They’ll allege that free speech online is at risk. Don’t fall for the fearmongering,” Pai wrote.

“We have proof that markets work: For almost two decades, the U.S. had a free and open internet without these heavy-handed rules. There was no market failure before 2015. Americans weren’t living in a digital dystopia before the FCC seized power. To the contrary, millions enjoyed an online economy that was the envy of the world.”

Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.

See also:

New York attorney general slams the FCC for ‘refusal to assist’ investigation into fake comments about net neutrality

The FCC has plans to dismantle the rule protecting a neutral internet

Mark Cuban: Net neutrality rules put Trump in charge of the internet

This e-commerce founder’s company went from $40,000 in sales from his parents’ garage to over $100 million in 3 years

Like this story? Like us on Facebook

Source: Tech CNBC
Apple co-founder, ‘father of the internet’ to FCC: ‘You don’t understand how the internet works’

Comments are closed.