In a recent opinion piece published in Wired Magazine, Reed Hastings, Netflix chief executive officer and one of the largest users of internet broadband capacity in the world, argued that in order to “save the net” society should not “give in to the big ISPs.” One day later, Techspot published a report that Netflix, Inc. (NASDAQ:NFLX) is agreeing to pay Time Warner Cable Inc (NYSE:TWC) an additional fee to receive faster download speeds. In giving in to Time Warner, Hastings appears to be violating a core tenant of “net neutrality,” a guiding concept that mandates all internet traffic be given equal…
Netflix Gives In To Cable Company Control
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.