The Tech Companies That Stand To Lose The Most From Net Neutrality Repeal
In a 3-2 decision, the FCC voted to repeal net neutrality. The battle over internet regulation will now likely head to the courts.
Digital Trends Editor-In-Chief Jeremy Kaplan discusses who will be hit the hardest if and when the regulations go away. Big tech companies like Netflix and Facebook are at the top of the list. They have the largest amount of traffic and require the most data to reach their hordes of users.
Without net neutrality, carriers such as Verizon and AT&T could restrict data speed to specific sites. Supporters of net neutrality argue that repealing the regulations will lead to a tiered data system. Customers would have to pay extra to access the most popular and data-heavy sites.
CES, the largest tech convention in the world, kicks off this Wednesday ending on Friday, one day earlier than originally planned. The annual event features more than 2,000 exhibitors showing off their latest tech products in Las Vegas. Richard Lawler, Senior News Editor, The Verge joined Wake Up with Cheddar to preview the large event.
Amazon employees and activists staged a worldwide strike today--calling on the tech giant to raise wages, pay more taxes and reduce its carbon footprint. The 'Make Amazon Pay' protests took place at factories, warehouses, data centers and corporate offices all around the world. Ian Sherr, Editor at Large, The Verge, joined Wake Up with Cheddar to discuss.
Tesla posted solid delivery numbers over the last year, with deliveries surpassing over 930,000, an 87 percent jump from the same period in 2020. Anthony Sassine, CFA, Senior Investment Strategies, KraneShares joined Wake Up with Cheddar to discuss the top EV stocks as well as how Tesla will stay relevant in the crowded space.
Apple became the first publicly traded U.S. company to hit the $3 trillion valuation mark after its stock price jumped to $182.86 in morning trading before slipping back just under the mark. The tech giant has tripled its worth since 2018.
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
