Advertisement
Tech

Obama’s net neutrality call sends ISP stocks tumbling

Not too far down but an unmistakable trend.

Photo of Patrick Howell O'Neill

Patrick Howell O'Neill

Article Lead Image

Early this morning, President Obama announced his support for reclassifying Internet service as a utility, a booming endorsement of net neutrality and stronger regulations on the industry.

Featured Video

I’m urging the @FCC to keep the internet open and free. Here’s my plan to protect #NetNeutrality for everyone: https://t.co/3y3YLQD6MB –bo

— The White House (@WhiteHouse) November 10, 2014

“In plain English, I’m asking [the FCC] to recognize that for most Americans, the Internet has become an essential part of everyday communication and everyday life,” Obama said.

Advertisement

The announcement has elicited a strong reaction from Obama’s conservative political rivals and proved a catalyst for an industry-wide plunge in stock prices from the moment the tweet went out.

The companies below have been loud opponents of net neutrality as made evident in public letters and lawsuits. Many of the stocks have recovered somewhat or totally in the time since the President’s announcement first hit.

Comcast stocks after Obama net neutrality pledge

Advertisement

 

Advertisement

photo by Keoni Cabral/flickr (CC BY 2.0)

 
The Daily Dot