Netflix (NFLX) will not get its wish of more net neutrality to ensure that the video streaming service runs as fast as it should.
The Federal Communications Commission (FCC) denied the company’s plea to expand net neutrality. Netflix CEO Reed Hastings wrote an essay to the FCC last month asking to expand net neutrality for high-speed Internet operators.
The move would have benefitted Netflix greatly as it would ensure high-speed streaming through Netflix. However, the FCC did not comply.
“Peering and interconnection are not under consideration in the Open Internet proceeding, but we are monitoring the issues involved to see if any action is needed in any other context,” a FCC spokesperson said.
NFLX stock is up about 2.3% Tuesday.
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