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Net's New "Utility" Status Will Boost This Company
Netflix Inc. (NASDAQ:NFLX) has been hamstrung by ISPs like Comcast Corporation (NASDAQ:CMCSA) and Verizon Communications Inc. (NYSE:VZ), which have slowed its streaming service as a negotiating tactic, allegedly to make the company pony up money to retain the ability to serve its millions of clients. That's now over, since the Federal Communications Commission (FCC) has now sided with net neutrality.
But more importantly, there is an opportunity to exploit this legal development.
Netflix Inc. (NASDAQ:NFLX) has been hamstrung by ISPs like Comcast Corporation (NASDAQ:CMCSA) and Verizon Communications Inc. (NYSE:VZ), which have slowed its streaming service as a negotiating tactic, allegedly to make the company pony up money to retain the ability to serve its millions of clients. That's now over, since the Federal Communications Commission (FCC) has now sided with net neutrality.
But more importantly, there is an opportunity to exploit this legal development.