CNNFN: Chipotle stock hits lowest level in three years: Tuesday June 14, 2016

by Chris Isidore @CNNTech June 14, 2016: 12:37 PM ET

Net neutrality explained, once & for all
Net neutrality explained, once & for all

New rules that give the FCC more power to regulate the internet were upheld
by a court Tuesday, marking a victory for the Obama administration over the
major telecom companies.
The rules, known in the industry as net neutrality, were put into effect
a year ago by the Federal Communication Commission. They prohibit internet
providers, such as Verizon (VZ, Tech30), Comcast (CMCSA) and AT&T
(T, Tech30), from charging for so-called fast lanes that could be
used by content companies that use a great deal of bandwidth, such as Netflix
(NFLX, Tech30), Google (GOOG) and Facebook (FB,
Tech30).

“After a decade of debate and legal battles, today’s ruling affirms the
FCC’s ability to enforce the strongest possible internet protections —
both on fixed and mobile networks — that will ensure the internet
remains open, now and in the future,” said FCC Chairman Tom Wheeler.

But this probably isn’t the end of the legal battle, since the telecoms
could take the fight to the Supreme Court.

“I continue to believe that these regulations are unlawful, and I hope
that the parties challenging them will continue the legal fight,” said
Ajit Pai, an FCC commissioner who opposed the rules. “The FCC’s
regulations are unnecessary and counterproductive.”The Court of Appeals