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.
Since its founding in 1951, the Film Censor Board in India has kept Bollywood light and non-threatening. Enter Amazon, which is partnering with Excel Entertainment to produce "Mirzapur," a new, darker variety of Indian entertainment. Series creator Karan Anshuman talked to Cheddar about how Amazon helped them circumvent restrictions put on Indian television.
Affirm, the start-up that provides consumer loans at the point of sale, is ready to be more visible, according to its CEO and founder. "We’ve spent such a long time playing in the shadows and ... building this incredibly loyal following, but only by people who have encountered us,” Max Levchin, also one of the PayPal cofounders, told Cheddar. "Now we’re trying to get out there and say, ‘hey, here we are, you should be aware of us.’"
Nissan Motors Chairman Carlos Ghosn was arrested following a whistleblower report that he had under-reported his compensation and used company assets for his personal benefit, according to [reports]
These are the top stories, from Wall Street to Silicon Valley, that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Queens, N.Y. and Arlington, Va., will ultimately share the spoils of the hard-fought battle for Amazon's new headquarters. The two will split the planned HQ2s ー and the 50,000 jobs that come along with them. In a lower-profile twist, Nashville, Tenn. will unexpectedly be home to an operation center and about 5,000 new jobs.
Facebook CEO Mark Zuckerberg is fighting back after the New York Times published an investigation into how the company failed to address Russian meddling in the 2016 election. California officials doubled the number of people missing as a result of the wildfires to more than 600. And Bill Oliver, director of the new sci-fi drama 'Jonathan,' joins Cheddar to discuss his new film starring Ansel Elgort.
Facebook's latest scandal has raised serious questions about founder and CEO Mark Zuckerberg's oversight of the troubled media giant.
Following an impressive quarterly earnings report, Sonos VP of corporate finance Mike Groeninger told Cheddar about the company's ambitions to move outside the home and become the "world's leading sound experience company."
In a conference call with reporters on Thursday that lasted more than 80 minutes, Mark Zuckerberg declared that an extensive New York Times report about his company's insufficient and self-preserving response to Russian meddling on the platform was "simply untrue."
The New York Times published a bombshell report Wednesday evening detailing how Facebook has navigated public scandals and attacked its critics over the past few years. The stock moved lower Thursday on the news.
