By Michelle Castillo and Ted Haselton, CNBC
The FCC voted on Thursday to eliminate the Open Internet Order, better known as “net neutrality” regulations.
The decision will give more power to internet service providers (ISPs) to set pricing and prioritize different types of internet traffic.
“For those of you out there who are fearful about what tomorrow will bring, take a deep breath, this decision will not break the internet,” FCC Commissioner Michael O’Reilly said. “While repealing net neutrality rules grabs headlines… net neutrality started as a consumer issue but soon became a stepping stone to impose vastly more common carrier regulation on broadband companies.”
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