A presentation slide illustrates why telecom industry's plan to scrap Net Neutrality to increase profits will hurt consumers.
It doesn't get any clearer than this:
Feel sorry for that poor guy hammering away on that tablet above? He's getting charged a separate additional fee for each different web service he's using. Additionally, each different service coming over the air is being throttled according to the rules the telecoms set up. Notice that Vodafone's services don't get throttled, while Google's (GOOG) YouTube and Facebook data are not only charged additionally, but slowed.
This is called "paid prioritization" of data on wireless networks and is at the heart of what the FCC will rule on tomorrow. More
Every morning, discover the companies, deals and trends in tech that are moving markets and making headlines. SUBSCRIBE
Receive Fortune's newsletter on all the deals that matter, from Wall Street to Sand Hill Road. SUBSCRIBE
Covering the digital giants of Silicon Valley and beyond, an in-depth look at enterprise companies, and the startups disrupting them. Written by Michal Lev-Ram and emailed twice weekly. SUBSCRIBE
Anne Fisher answers career-related questions and offers helpful advice for business professionals. SUBSCRIBE
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.00 | -0.04 | -1.96% |