bad for your image

Verizon Investors Worried Company’s Anti-Neutrality Stance Could Backfire

Verizon Investors Worried Company’s Anti-Neutrality Stance Could Backfire

Since 2010, when the FCC introduced its first go at net neutrality rules, Verizon has led the charge to gut the regulations. And Big V ultimately succeeded in early 2014, when a federal appeals court ruled that the FCC didn’t have the statutory authority to enact such strict guidelines. And now that the FCC is taking another stab at neutrality, Verizon is once again dangling the threat of legal action, even though it claims the proposed new rules won’t hurt its business. But what may hurt Verizon’s bottom line, say the company’s investors, is its reputation as a neutrality foe. [More]