Reddit CEO: "Fairly Optimistic" We'll Get Net Neutrality Back
Reddit CEO Steve Huffman is “fairly optimistic” that actions will be taken to dial back the FCC’s repeal of net neutrality.
The head of the online news and content aggregator told Cheddar in an interview Tuesday, “I would be surprised if we lost regulations forever.”
Advocates of the Obama-era regulations have lobbied Congress to block the agency’s decision last week. And while the FCC’s vote went along party lines, with the three Republicans voting for repeal and the two Democrats voting against, Huffman doesn’t think legislators will follow the same path.
New York Senator Chuck Schumer, a Democrat, has called for a vote to overturn the repeal and Rep. Mike Coffman (R-CO) introduced a bill for permanent open internet to Congress.
Huffman told Cheddar that Reddit supports net neutrality and will continue to encourage users to make their voices heard in Congress.
“What matters the most is the opinion of the people,” he said. “When you look both in the United States in general and on Reddit specifically, there’s overwhelming support for this.”
For full interview [click here](https://cheddar.com/videos/reddits-plans-in-a-post-net-neutrality-world).
A legal expert helps break down why Tesla shareholders are voting on Elon Musk’s historic pay deal – and why betting against Musk usually doesn’t pay off.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.