The Webby Awards Executive Director: It's A Very Sad Day For The Internet
The Federal Communications Commission voted to rollback net neutrality rules on Thursday. The Webby Awards Executive Director David-Michel Davies responds to this announcement.
"It's a very sad day," said Davies. "Everybody who makes things for the internet thinks this is a terrible decision." After the vote, Netflix tweeted, "We’re disappointed in the decision to gut Net Neutrality protections."
Davies says his concern is that we ultimately do not know how this decision will impact creators and users of the internet. When looking at a newer media start-up like HQ Trivia, Davies says he doesn't know how telecommunications companies will impact smaller creators like this start-up.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
