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The Telecom Industry Is Very Mad Because The FCC MIGHT Examine High Broadband Prices (www.techdirt.com)

submitted 11 months ago by L4s@lemmy.world to c/technology@lemmy.world

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The Telecom Industry Is Very Mad Because The FCC MIGHT Examine High Broadband Prices::We've long noted how the FCC (regardless of party) largely ignores how muted competition and monopolization drives up prices for consumers. The agency often talks a good (if ambiguous) game about "bridging the digital divide," but they don't collect and share pricing data proving market failure, nor are they capable of admitting monopolies exist and…

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[–] nous@programming.dev 12 points 11 months ago (1 children)

What?!? But then how are companies going to manipulate their pricing to attract new customers away from their competitors without actually cutting any revenue? They neeeed this to keep their numbers up so they look more attractive to investors and get more money. Are you not thinking of the shareholders? Why won't anyone think of the shareholders!

/s ... if that was not obvious

[–] Drusenija@lemmy.world 2 points 11 months ago

Sorry, no, not obvious, this is likely exactly what they're thinking, no sarcasm needed.