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It's Now Clear None of the Supposed Benefits of Killing Net Neutrality Are Real
Network investment is down, layoffs abound, and networks are falling apart. This isn't the glorious future Ajit Pai promised.
In the months leading up to the FCC assault on net neutrality, big telecom and FCC boss Ajit Pai told anybody who'd listen that killing net neutrality would boost broadband industry investment, spark job creation, and drive broadband into underserved areas at an unprecedented rate.
As it turns out, none of those promises were actually true.
Despite the FCC voting to kill the popular consumer protections late last year, Comcast's latest earnings report indicates that the cable giant's capital expenditures (CAPEX) for 2018 actually decreased 3 percent. The revelation comes on the heels by similar statements by Verizon and Charter Spectrum that they'd also be seeing lower network investment numbers in 2018.
It's not expected to get any better in 2019. According to analysis this week by Wall Street research firm MoffettNathanson, capital spending among the nation's four biggest cable providers (Altice, Comcast, Charter Spectrum, CableONE) is expected to decline upwards of 5.8 percent this year.
(Score: 5, Insightful) by Ethanol-fueled on Friday January 25 2019, @08:38PM (8 children)
Capitalism and Communism are both great ideas, and could be made to work in a perfect universe. Unfortunately, this isn't a perfect universe and as such I trust nothing, but one thing I can depend on is shitposting on Soylentnews. But what would we do if we could no longer do that? Sit under a tree and read a good book, or watch a nice sunset, or we could go back to the days of Plato and Socrates and sit on the steps of the Parthenon shitposting in real-life!
(Score: 0, Troll) by Anonymous Coward on Friday January 25 2019, @09:03PM (4 children)
Holding people accountable for their fuckups is shit posting now? Haha, party of personal responsibility my ass! Resident troll trolls again!
(Score: 1) by Ethanol-fueled on Friday January 25 2019, @09:16PM (3 children)
Socrates tried, and he was sentenced to death to drink Hemlock.
The rest of us try to hold those accountable, and in doing so we are sentenced to death having to watch Seinfeld.
(Score: 2) by ikanreed on Friday January 25 2019, @09:49PM (1 child)
I'm gonna level with you, regardless of whether he is the inventor of philosophy or a corrupter of youth, Socrates died because he insulted the jury at his own damn trial. How fucking dumb do you gotta be.
(Score: 0, Informative) by Anonymous Coward on Friday January 25 2019, @10:37PM
It is EF, he is not dumb just an edge lord with a few sycophants that make him feel important. I can't wait till we grow out of the edge lord phase of "humor". EF is like those comedians who tell dick/vag jokes over and over, maybe funny once then it is just lame. I'm not sure why people hold up EF as some kind of master troll, maybe these people are truly that broken?
(Score: 2) by RandomFactor on Saturday January 26 2019, @12:42AM
https://www.youtube.com/watch?v=deOsP5ipfr4 [youtube.com]
В «Правде» нет известий, в «Известиях» нет правды
(Score: 1) by fustakrakich on Friday January 25 2019, @11:09PM
we could go back to the days of Plato and Socrates and sit on the steps of the Parthenon shitposting in real-life!
Mmmm, hemlock...
La politica e i criminali sono la stessa cosa..
(Score: 0) by Anonymous Coward on Saturday January 26 2019, @04:24PM (1 child)
dude are you sober?
there are a few of you, this is the cool one. if you aren't sober, at least share the name of what you had so that we can try some.
(Score: 1) by Ethanol-fueled on Saturday January 26 2019, @05:18PM
Sure. It's called "Not having to deal with Mexicans for a few weeks." You should try some, really lifts the spirits.