The Federal Communications Commission just killed net neutrality. The agency voted to repeal regulations that make the future of the internet and the way consumers use it a lot murkier. Andrew McCollum, CEO of Philo, an internet television company that recently introduced a streaming live TV service, joined us to share why he is worried about a world without net neutrality.
The FCC voted to reverse a 2015 decision by the Obama Administration that aimed to protect Americans on the internet. McCollum is concerned that without the regulations, services like Philo become prone to "unfair prioritization by internet providers." It's not only a loss for companies. He believes strong net neutrality rules also protect the consumer.
As a co-founder of Facebook, McCollum says he got a glimpse of how difficult it would be for companies to innovate in a world without protections for net neutrality. He shares that colleges that did not like Facebook would block students from gaining access because they acted as the internet providers. With such limitations, he questions whether an era of internet innovation is coming to a halt.
Investors were eager to see how the company fared following the launch of Disney+ and AppleTV+ in November and in light of the upcoming launch of NBCUniversal’s Peacock streaming service.
CoinTracker, a startup that helps people calculate their taxes on crypto holdings, is introducing a free tier of service for users with less than 200 crypto transactions in a tax year as the IRS makes turns its attention to investors in “virtual currencies.”
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Greg Marsh, CEO of key duplication service KeyMe, wants his company to become the most trusted name in locksmithing and just got a boost from a $35 million round of fundraising.
The tech industry in the City of Angels is booming and Dot.La, a new digital media startup, wants to tell its story.
Atom Finance is challenging Bloomberg — whose eponymous terminal continues to dominate trading floors — by trying to develop a simpler product offering the depth of information that an institutional product might offer, but without a price tag that would break the bank for retail investors.
Here are the headlines you Need 2 Know for Friday, January 17, 2020.
Comcast announced more details about its upcoming service Peacock at a special investor presentation Thursday.
The UK-based startup Arrival, which is building small- and medium-sized electric vans for deliveries and other commercial roles, announced this week that it’s attracted a $110 million investment from Hyundai and Kia. The company says the partnership bumps Arrival’s valuation to more than $3 billion dollars.
House Speaker Nancy Pelosi called Facebook’s behavior “shameful” during her weekly press conference Thursday.
