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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: 1, Informative) by Anonymous Coward on Friday January 25 2019, @11:05PM (3 children)
If it was so good, where is the bills being proposed for the past say 12 years making it into law? Why the pretzel of the existing law? Did it occur that it was a love letter to google from the Obama admin for the thank you of money?
This about money. Plain and simple. It is not even very hard to follow it.
I remember when the democrats proposed limiting data providers (yeah I do not have that wrong) and were backing Time Warner. Then watched as the money started flowing. The data providers started flooding the the DNC with cash and the ISPs the RNC. They basically traded positions and did not lose a beat.
Remember this whole mess was started by Ted Turner's organization in a bid to double gouge customers. You can follow who HE donates money to.
You are being played. The game of 'we vs they' is the ones who want to rip you off. They play you with a skill that you can not even fathom because you are too busy being pissed off. They count on that BTW.
(Score: 2) by realDonaldTrump on Saturday January 26 2019, @06:56AM (2 children)
Obama’s attack on the internet was another top down power grab. Net neutrality was the Fairness Doctrine. Targeting conservative media. We did, very proudly, the Repeal of that one. Now our internet Companies are spending much less money. While turning out a much better product. MAGA!!
(Score: 3, Funny) by Pslytely Psycho on Saturday January 26 2019, @02:02PM (1 child)
"Obama’s attack on the internet was another top down power grab. Net neutrality was the Fairness Doctrine. Targeting conservative media. We did, very proudly, the Repeal of that one. Now our internet Companies are spending much less money. While turning out a much better product. MAGA!!"
I thought you didn't do drugs?
Alex Jones lawyer inspires new TV series: CSI Moron Division.
(Score: 2) by Azuma Hazuki on Saturday January 26 2019, @09:16PM
He's been getting high on his own supply of butt hash. Happens when your head's permanently up your ass.
I am "that girl" your mother warned you about...