ltechnologygroup.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com.
Chip Somodevilla/Getty Images
- The Federal Communications Commission voted to repeal net neutrality rules on Thursday.
- Many of the major telecom companies were down after the vote.
The Federal Communications Commission, chaired by Ajit Pai, voted to reclassify the internet as a Class I utility, turning over so-called net neutrality regulations put in place in 2015.
After the vote on Thursday, blocking, throttling and paid prioritization by internet service providers will no longer be prohibited. Pai and his fellow Republican commission members have said reversing the rules will return the telecom industry to a period of light-touch regulation that will spur growth and investment in the sector.
The new rules are not set to go into effect for 60 days, in which critics are sure to file lawsuits to stop the rules from going into place. To no avail, the two Democratic commissioners, as well as many members of Congress on both sides of the aisle, asked Pai and his commission to delay Thursday’s vote.
Many of the largest internet providers in America started the day down in anticipation of the FCC’s vote, and all but Comcast ended the trading session lower than their open. The S&P 500 started the day in positive territory but ended the day down 0.39%.
Here’s how the major internet providers ended the day after the vote:
At L Technology Group, we know technology alone will not protect us from the risks associated with in cyberspace. Hackers, Nation States like Russia and China along with “Bob” in HR opening that email, are all real threats to your organization. Defending against these threats requires a new strategy that incorporates not only technology, but also intelligent personnel who, eats and breaths cybersecurity. Together with proven processes and techniques combines for an advanced next-generation security solution. Since 2008 L Technology Group has develop people, processes and technology to combat the ever changing threat landscape that businesses face day to day.
Call Toll Free (855) 999-6425 for a FREE Consultation from L Technology Group, https://www.ltechnologygroup.com.