7.16.2014
GOOD TO KNOW: So, the FCC’s electronic filing system crashed. In just 24 hours, the number of comments submitted on net neutrality climbed from 677,000 to 780,000 (and counting). Good work, people.THE SKINNY.
WHAT TO DO NOW?
The FCC pushed the deadline from midnight last night to Friday. For those of you planning to weigh in (looking at you, procrastinators), it’s a good time to let the Commission know what you think of its proposal.
THIS IS HISTORY.
Here’s a quick rundown of the highest number of comments federal agencies have seen:
- FCC 2006 Change to Media Ownership: 236, 315
- IRS Proposal to Curb Social Welfare Orgs’ Political Actions: 143,497
- Keystone Pipeline: 127,206
About 1.4 million submitters sounded off on the Janet Jackson (and Justin Timberlake) Super Bowl debacle. However, that indecent exposure wasn’t part of an official rulemaking, comment period. Given that this is just the first round of comments, net neutrality is well on its way to reaching the 1 million mark. We don’t speak for others, but Tim Berners-Lee is probably proud.
LOOK WHO’S TALKING NOW.
Mozilla says the FCC’s proposal is “rife with risk.” It wants to see the Commission go down the Title II route and reclassify broadband services as a utility. The National Cable and Telecommunications Association, on the other hand, wants the FCC to avoid Title II like it’s the plague. Comcast has also chimed in and supports “putting in place legally enforceable rules to ensure that there is a free and open Internet, including transparency, no blocking, and anti-discrimination rules.”
SHOTS FIRED.
Meanwhile, Verizon doesn’t want over burdensome regulation and wants to be able to enter into “differentiated arrangements with broadband providers if they believe they can provide a service customers may want.” The ISP took this opportunity to point fingers at Google and Netflix as prime examples of content companies with growing market power. Verizon wants everyone to know that it cares about network openness and wants it just as much as the rest of us.
WHAT ELSE IS GOING ON?
NO ACTUALLY MEANS NO.
Ryan Block and his wife simply wanted to cancel their Comcast service. But, the customer service agent wasn’t having it. After 10 minutes into the conversation, Block decided to record the back and forth. The agent tries at all cost to convince the husband and wife otherwise. Trying to assess why your consumer is unhappy with your service is fair, but sometimes you just gotta “let it go.” Yup, we went there.
BUT, EVERYONE’S DOING IT.
Chair of the Federal Reserve Janet Yellen testified in front on Congress on the U.S. economy, which hasn’t quite fully rebounded. According to The Fed, people are overpaying for stocks in certain sectors, including for social media and biotech firms. Subsequently, shares of our go to social media sites declined.
THE STREETS ARE TALKIN’
Google is teaming up with Novartis, a European drug maker, to create “smart” content lens that could monitor blood sugar levels. This information could be transferred via smart devices for real time monitoring by doctors and patients. Pretty friggin’ cool.
Yahoo!’s ad prices decreased on average by 24% last quarter. The company previously saw improvements in its sales, but this step back may indicate that the company’s new ad offerings aren’t pulling in advertisers.
Amazon and Simon & Schuster are in the “talking” phase of a potential business relationship. No word yet on the exact nature of these discussions.