Homepage / Technology / The FCC has reversed a 2015 rule that could change how you access and pay for internet service
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

The FCC has reversed a 2015 rule that could change how you access and pay for internet service

The FCC voted on Thursday to eliminate the Open Internet Order, better known as “net neutrality” regulations.

The decision will give more power to internet service providers (ISPs) to set pricing and prioritize different types of internet traffic.

“For those of you out there who are fearful about what tomorrow will bring, take a deep breath, this decision will not break the internet,” FCC Commissioner Michael O’Reilly said. “While repealing net neutrality rules grabs headlines… net neutrality started as a consumer issue but soon became a stepping stone to impose vastly more common carrier regulation on broadband companies.”

O’Reilly said he also hopes congress considers supporting paid prioritization, specifically pointing to use-cases by autonomous vehicles and medical systems that could benefit from prioritized internet speeds.

The Open Internet Order, which was set in place during the Obama administration in 2015, required telecommunications and cable companies to treat all online traffic as equal.

Republicans say taking an egalitarian approach discourages ISPs from investing in better infrastructure and technologies to improve the internet. It may also make it harder for smaller ISPs to gain ground. The FCC is currently led by Chairman Ajit Pai, who was appointed to that role by President Donald Trump.

“Title II did not create the open internet, and Title II is not the way to maintain it,” FCC commissioner Brendan Carr said. “After a two year detour, one that has seen investment decline, broadband deployments put on hold, and innovative new offerings shelved, it’s great to see the FCC returning to this proven regulatory approach.” Carr pointed to the free and open internet that existed before the 2015 Open Internet Order as proof the changes will be successful.

Net neutrality proponents, including many large internet companies, argue that allowing ISPs to prioritize internet traffic differently may drive ISPs to charge more for various activities. For example, because streaming video takes up more bandwidth than reading text-based sites, companies could charge more. Removing the regulations may also allow ISPs to stifle services that compete with their own, such as over-the-top streaming platforms like Netflix.

The FCC commissioners were widely split on the decision. Commissioner’s O’Reilly and Carr voted in favor of reverting the Open Internet Order, while Commissioners Clyburn and Rosenworecel had strong-worded arguments against it.

“What saddens me the most today is that the agency that is supposed to protect you is actually abandoning you, but what I am pleased to be able to say today is that the fight to save net neutrality does not end today,” FCC commissioner Mignon Clyburn said. “The agency does not have the final word. Thank goodness for that.”

“I dissent from the corrupt process that has brought us to this point and I dissent from the contempt this agency has shown our citizens in pursuing this path today,” FCC commissioner Jessica Rosenworcel said. “This decision put this Federal Communications Commission on the wrong side of history, the wrong side of the law, and the wrong side of the American public. The future of the internet is the future of everything… I believe it is essential that we sustain this foundation of openness and that is why I support net neutrality.”

Rosenworcel said ISPs will get the power to block websites, throttle content and encourage pay-for-play arrangements with partners while limiting others to “a slow and bumpy road.” “Know this: they have the technical ability and business incentive to discriminate and manipulate your internet traffic and now this agency gives them the legal green light to go ahead and do so. This is not good. Not good for consumers, not good for business, not good for anyone who connects and creates online.”

FCC chairman Ajit Pai broke the tie, voting in favor of moving back ISPs under Title I classification.

“The internet is the greatest free-market innovation in history,” Pai said. “If our rules deter a massive infrastructure investment that we need, eventually we will pay the price and terms of less innovation… It is time for us to restore internet freedom.”

Source: Tech CNBC
The FCC has reversed a 2015 rule that could change how you access and pay for internet service

Comments are closed.