Verizon and Netflix have been feuding in recent weeks over which company is to blame for slow streaming speeds. Now, government regulators are stepping in to figure out who's really at fault.
Federal Communications Commission chair Tom Wheeler said Friday that he had directed his staff to gather information on the dispute from Netflix and broadband providers including Verizon to understand "precisely what is happening" and "whether consumers are being harmed."
"The bottom line is that consumers need to understand what is occurring when the Internet service they've paid for does not adequately deliver the content they desire, especially content they've also paid for," Wheeler said.
At this point, he added, the FCC is simply "collecting information, not regulating."
The dispute flared up a few weeks ago after Netflix began displaying messages for users whose videos are slow to load blaming Verizon and other ISPs for the problem. Verizon responded with a cease-and-desist letter demanding that Netflix stop displaying the message, calling it "deceptive" and threatening legal action.
Netflix said Friday that it welcomes the FCC's effort "to bring more transparency in this area," adding: "Americans deserve to get the speed and quality of Internet access they pay for."
Netflix has been complaining for months that some big broadband companies are allowing its streaming speeds to lag in order to compel it to pay them for a faster connection. Netflix reached paid connection deals earlier this year with Comcast (CMCSA) and Verizon, though it said it did so "reluctantly," accusing the Internet providers of abusing their market power to extract tolls.
Netflix backpedaled on nothing.
Your the one backpedaling now that we are at 48 again. Ouchy ouch ouch for you tigger.
That's real money for you. You should be more careful.
More downside tomorrow.
Seriously, Take some off the table if your really up as much as you say its the prudent thing to do. If you bought at 50 you should cut your losses here.
Did I forget to mention the Netflix debacle. One of there largest customers hates them and says so publically. That's always a positive for a stock price right?
Back to 48 today. Buffet hysteria is over.
1. ARPU on wireless is decreasing
2. Wireless churn on post paid is increasing dramatically
3. Vz cutting pricing to retain business putting more pressure on revenue and margin
4. Online streaming facing setbacks after key executives leave business
5. FIOS buildout way behind schedule and vastly over budget
6. Business services revenue down 8% in Q1
7. Vz landline revenue down 15% in Q1
8. Vz being sued for patent infringement for FIOS and VOIP products
There is more but you get the point.
See you at 45 next week.
Want a cookie? May make you feel better.
Just know that even though we disagree on Vz I am still here for you.
You can always put me on ignore but you....just....cant...bring....yourself.....to...DO..IT....because no matter how much you want me to go away...YOU KNOW I AM RIGHT!
I dare you! put me on ignore. Don't respond to my posts...or just insult me makes no difference to me.
And you will know the truth and the truth shall set you free
Sorry to disappoint you yet again. Call me what ever you want but be careful..if you hurt my feelings I may sue you. I am neither paid nor a spammer. I just speak the truth to the disillusioned.
Vz rated worst ISP by Netflix!
Mark this pre-announcement down now. When Vz announces that it has lost 150,000 post paid subscribers in the 2nd quarter I will be here posting it again and again and again.
Did I mention that Vz shut down Oncue. Wasn't that their next generation content streaming business. Didn't Billyboy claim that this was the next big revenue source from Vz. Didn't I say it was full of elephant dung a month ago.
See you at 45
Can you hear me now!
Vz acknowledges that its network doesn't perform to expectations but threatens to sue its customer for telling the truth.
Great company to buy service from. Don't ya think?! Gives customers that warm and fuzzy feeling that we made the right decision going with Vz.
You are full of elephant dung and I am liking my June 47 puts better and better every minute. Dow at new record high and Vz is down. Great strategy for you. Buy more and hold on for the 1% divi coming up. You can buy ketchup for your happy meal
And thats why Vz is rated LAST. LAST LAST in network performance
Oh yes and if you have the audacity to complain the company will threaten to sue you. I don't think they have the balls to actually do it. Would be a pretty stupid move but anything is possible. But I would love to seem them try.
Gee whiz, this is a company I just cant wait to give more business to.
Great PR boys and girls. Keep it up!
Did you buy more on the dip today???
Good for you keep going!
Calling you a steaming hot pile of elephant dung is not slander. For you its a compliment. The nicest thing anyone has ever said about you.
Hey tigwad. Vz below 49 ouch. To bad you bought above 50 again. You just keep repeating the same mistakes over and over.
You clearly don't think much. Netflix is only complaining about Vz. Not about any other carrier. Netflix has agreed to pay a premium to the ISP's including Vz to carrier its content but Vz has just taken the money without improving performance.
But hey I am all ready to hear an open dialogue from both sides as to why the other is at fault.
Great PR for Vz, don't you think?