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.
U.S. stocks saw a jump in the final hour of Thursday's session, and ultimately closed slightly higher for the day. Tim Pagliara, Chief Investment Officer of CapWealth, joined Cheddar News' Closing Bell to discuss. "The markets have had to digest a lot of action from the federal reserve this quarter and it's affecting everything from mortgage rates to how they value stocks," he said.
The month of April is also known as financial literacy month, and Investopdia marked the occasion this year by surveying 4,000 U.S. adults - 1,000 each from Generation Z, millennial, Generation X, and baby boomer generations - to try to get a better sense of where each generation stands when it comes to their understanding of all things money. The survey found that while many Americans have invested in crypto, most have much more to learn about digital currency. Investopedia Editor in Chief Caleb Silver joins Cheddar News' Closing Bell to discuss.
Michael Cassau, Founder and CEO of Grover, joins Cheddar News' Closing Bell, where he explains how Grover is establishing itself in the tech marketplace with its subscription-based offering and how he plans to deploy the $330 million in new funding.
Christine Doig, director of product innovation at Netflix, joins Cheddar News to discuss the streamers interactive content and its new Two Thumbs Up feature.
As the Russian invasion of Ukraine continues, social media giant Meta said that it's using its technology to help the beleaguered nation Erin Egan, chief privacy officer, and Andrew Schroeder, vice president of research and analysis for direct relief, joined Cheddar News to discuss using data towards humanitarian relief. "Our goal with the program is to help organizations on the ground by sharing privacy-protected data sets to enable them to respond to crisis," Egan explained.
