The technology community, meanwhile, fears that additional online tolls could hurt startups who can't afford to pay them - and, over the long term, diminish innovation."We're a small company. We don't have the deep pockets of Google, Netflix, Amazon to just pay off ISPs to make sure consumers can access our service," said Andrew Mc Collum, CEO of streaming-TV service Philo.
After the FCC released its plan in late November, well-known telecom and media analysts Craig Moffett and Michael Nathanson wrote in a note to investors that the FCC plan dismantles "virtually all of the important tenets of net neutrality itself."That could result in phone and cable companies forcing people to pay more to do what they want online.The Federal Communications Commission on Thursday voted to overturn "net neutrality," the regulations ensuring that internet service providers such as AT&T (T), Comcast (CMCSA) and Verizon (VZ) treat all websites and online content equally.The meeting was highly charged, reflecting the public controversy over whether to preserve or eliminate the Obama-era rules.In casting the deciding vote, which put the final tally at 3-2 in favor of overturning net neutrality.Pai said, "The sky is not falling, consumers will remain protected."While internet service companies say consumers won't notice a change, they have also lobbied hard to eliminate net neutrality, arguing that fewer regulations will allow them to innovate and deliver new services.