Net Neutrality Vote – The Pros and Cons
Shares of Netflix Inc. (NFLX) jumped Tuesday as investors saw the Federal Communications Commission’s (FCC) net neutrality plan being a positive for digital video rental service.
On Tuesday, regulators adopted new plans that seek to be sure consumers can access any site at prices and speeds they are utilised to. The plans are certainly not without controversy and possess been debated for almost a decade, but the news helped Netflix shares rise $8.19, or 4.6%, to $186.24.
Within the rules, cable companies such as Comcast Inc. (CMCSK, CMCSA) can’t block access or charge competing services, for example Netflix, which offers movies and TV shows via the Web, along with its Internet-based mail-delivery service of physical DVDs.
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