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Are Google and Verizon Trying to Choke the Net Too Early?
Wall St. Cheat Sheet
August 12, 2010
The Information Age is hardly out of the womb. It’s still gasping for first breaths while we clean it off to get a better look.
However, many people and businesses act as if the Information Age is ready for Long Term Care Insurance. Don’t buy what they’re selling.
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Recently, Google (GOOG) and Verizon (VZ) started lobbying to end net neutrality. Essentially, they want to create multiple lanes of information traffic, and each lane will have different delivery speeds (see their clever loophole below). This is great for the companies because they want to better price discriminate among their customers. This is horrible for the Internet (in current form) because we have no idea how badly we will choke information and innovation if we cut the cloth this early in the game.
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