net neutrality deters investment<\/a> in broadband infrastructure.<\/p>\nPayPal founder Peter Thiel, whose former company only recently returned its payment processor services to internet gambling sites in the US, is against net neutrality. The billionaire spoke at the Republican National Convention, and strongly endorsed Donald Trump’s 2016 campaign.<\/p>\n
Invitees Support Neutrality<\/b><\/h2>\n
Zuckerberg has been an outspoken proponent of net neutrality. Earlier this month, the Facebook founder posted, “We strongly support those rules. We’re also open to working with members of Congress \u2026 to protect net neutrality.”<\/p>\n
Bezo’s Amazon and Page’s Google have also both expressed support for net neutrality. The House Committee’s olive branch to the three tech giants might show they want to get their input on why net neutrality should stand.<\/strong><\/p>\nThe Energy and Commerce Committee’s principal responsibility for legislative oversight includes telecommunications and extends over the FCC. The latter is tasked with regulating various interstate technological industries including radio, television, wire, satellite, and internet, which currently includes net neutrality enforcement.<\/p>\n
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Forbes “Richest” Rankings<\/strong><\/p>\nFor a time on Thursday, Bezo’s net worth was $90.6 billion, ahead of Bill Gates at $90.1 billion. Zuckerberg is the world’s fifth-richest with $56 billion, and Page holds about $45 billion.<\/p>\n
But by midday Friday, the War of the Wealthy had righted itself, and Gates was back on top at $89.7 billion, and Bezos fell back to the #2 spot with $87.4 billion in net worth.<\/p>\n
To put all that in perspective, also as of midday Friday,\u00a0Las Vegas Sands’ Sheldon Adelson, who comes in as the world’s richest casino magnate, had a fortune estimated to be worth $34.8 billion, which ranks him at #20. Las Vegas mastermind Steve Wynn practically looks like a pauper, coming in at the #744 spot, with a mere $3 billion.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Appointed by President Donald Trump, current Federal Communications Commission (FCC) Chairman Ajit Pai wants to roll back net neutrality regulations that were imposed under former President Barack Obama’s FCC head, Tom Wheeler. That could be bad news for online gambling, as an open internet prevents telecommunication companies from dictating which websites are accessible to consumers.\u00a0 […]<\/p>\n","protected":false},"author":42,"featured_media":55479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19,13,61],"tags":[],"acf":[],"yoast_head":"\n
Congress Rates Net Neutrality Rollback, Bezos and Zuckerberg to Testify<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n