Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM (AMZN)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Major tech firms, internet providers clash over U.S. net neutrality rules

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2017 | 02:20am CEST
The Federal Communications Commission (FCC) logo is seen before the FCC Net Neutrality hearing in Washington

Tech companies clashed with internet service providers on Monday over whether a landmark 2015 net neutrality order barring the blocking or slowing of web content should be scrapped by the U.S. Federal Communications Commission.

A group representing major technology firms including Alphabet Inc (>> Alphabet) and Facebook Inc (>> Facebook) urged the FCC to abandon plans to rescind the rules barring internet service providers from hindering consumer access to web content or offering paid "fast lanes."

The Internet Association said in its filing with the FCC that dismantling the rules "will create significant uncertainty in the market and upset the careful balance that has led to the current virtuous circle of innovation in the broadband ecosystem."

The rollback would harm consumers, added the group, which also represents Amazon.com Inc (>> Amazon.com), Microsoft Inc (>> Microsoft Corporation), Netflix Inc (>> Netflix), Twitter Inc (>> Twitter Inc) and Snap Inc (>> Snap Inc).

Major internet service providers including AT&T Inc (>> AT&T), Comcast Corp (>> Comcast Corporation) and Charter Communications Inc (>> Charter Communications Inc) urged the FCC, however, to reverse the rules enacted during former President Barack Obama's administration, even as they vowed not to hinder internet access.

Verizon Communications Inc (>> Verizon Communications) said the Obama order had "injected uncertainty into the marketplace, restricted innovation, and chilled investment." It called the prospect of future rate regulation "a toxic approach if the goal is to encourage investment or the entrance of new competitors into the market."

Comcast said the order "represented an unfortunate, unnecessary, and profoundly unwise wrong-turn for the broadband economy and consumers more broadly." AT&T said the FCC in 2015 "grossly exaggerated the need for public-utility-style regulation while ignoring its costs."

White House spokesman Sean Spicer declined to weigh in on Monday, noting the FCC was an independent agency.

'PAID PRIORITIZATION'

In May, the FCC voted 2-1 to advance Republican FCC Chairman Ajit Pai's plan to withdraw the former Obama administration's order reclassifying internet service providers as if they were utilities.

Pai has asked that if in the event the FCC reverses that order, whether it has the authority or should keep any regulations limiting internet providers' ability to block, throttle or offer "fast lanes" to some websites, known as "paid prioritization."

Pai, who argues the Obama order was unnecessary and harms jobs and investment, has not committed to retaining any rules, but said he favors an "open internet."

The Internet Association said there was "no reliable evidence" that investment by providers had fallen.

Twelve state attorneys general including from Illinois and California urged the FCC not to overturn the Obama rules, saying that would "expose consumers to the risk that their internet access will be interfered with and disrupted."

More than 8.4 million public comments have been filed on the proposal. Pai will face questions on Wednesday on the issue at a U.S. Senate hearing.

Providers say they strongly support open internet rules and will not block or throttle legal websites even without legal requirements.

But some providers have said paid prioritization may make sense at times, citing self-driving cars and healthcare information.

The Internet Association said it was "open to alternative legal bases for the rules, either via legislative action codifying the existing net neutrality rules or via sound legal theories offered by the commission."

But it said Pai's proposal "offers no clear alternatives."

(Reporting by David Shepardson; Editing by Peter Cooney)

By David Shepardson

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM
07/22 Lundin Law PC Announces an Investigation of Amazon.com, Inc. and Advises Inve..
07/22 Democrats in U.S. Congress urge review of Amazon's Whole Foods deal
07/21 Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amazon.com, ..
07/21DJWHOLE FOODS MARKET : Amazon, Whole Foods Look to Head Off Lengthy Deal Review
07/21 AMAZON COM : Stan Lee Receives the First-Ever IMDb STARmeter Award for Lifetime ..
07/21 AMAZON COM : Farming startup raises $200M from major investors
07/21DJWal-Mart, Amazon Rivalry Spreads to Forklifts
07/21DJToday's Top Supply Chain and Logistics News From WSJ
07/21 AMAZON COM : launches new social network for its customers that resonates a lot ..
07/21DJMicrosoft Forges Ahead In Cloud -- WSJ
More news
News from SeekingAlpha
07/22 Stocks to watch next week
07/21 IBM : Don't Get Caught In A Value Trap
07/21 BED & BATH BEYOND : A No Brainer, Management Optionality Undervalued
07/21 Congressional Democrats urge further review on Amazon's Whole Foods buy
07/21 What I Learned Losing $125,000 In Stocks Before My 25th Birthday
Financials ($)
Sales 2017 166 205 M
EBIT 2017 5 064 M
Net income 2017 3 358 M
Finance 2017 23 909 M
Yield 2017 -
P/E ratio 2017 153,22
P/E ratio 2018 90,35
EV / Sales 2017 2,81x
EV / Sales 2018 2,26x
Capitalization 490 245 M
Chart AMAZON.COM
Duration : Period :
Amazon.com Technical Analysis Chart | AMZN | US0231351067 | 4-Traders
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 1 122 $
Spread / Average Target 9,3%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
John Seely Brown Independent Director
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM36.78%490 245
QVC GROUP (LIBERTY INTERACTIVE CORPORATION)19.22%15 545
START TODAY CO.,LTD.45.22%8 182
WAYFAIR INC117.00%6 589
MONOTARO CO.,LTD.58.78%4 267
B2W COMPANHIA DIGITAL23.37%1 812