Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Netflix, Inc. (NFLX) Explains CFO’s Remarks Against Net Neutrality

Netflix, Inc. (NASDAQ:NFLX) still supports net neutrality even though its CFO’s remarks at an investor conference implied that he wasn’t happy with the Federal Communications Commission’s (FCC) vote to regulate the internet. A CNET article reported on the news and discussed Netflix’s explanation after its CFO’s comment.

Netflix Inc logo (NFLX)

At a Morgan Stanley investor conference in San Francisco, Chief Financial Officer of Netflix, Inc., David Wells said something which reflected that he wasn’t happy with the Federal Communications Commission’s vote to regulate the internet under Title II of the 1934 Communications Act and also intimated that the company was backing off from its point of view over net neutrality.

“Were we pleased that it pushed to Title II? Probably not,” Wells said.

Wells’ comment seemed to negate Netflix’s hard work to make sure internet service providers don’t charge it or any other content companies extra fees to transfer their high-bandwidth traffic. Netflix, Inc. (NASDAQ:NFLX) knows exactly that without such regulations, internet service providers could create fast lanes for specific companies and excessively charge them and that’s why it had to explain itself a day after the comment by Wells went public.

“Netflix supports the FCC’s action last week to adopt Title II in ensuring consumers get the Internet they paid for without interference by ISPs. There has been zero change in our very well-documented position in support of strong Net neutrality rules,” said Anne Marie Sequeo, a spokeswoman for Netflix, Inc.

Clarifying the CFO’s comments, Sequeo said that remarks were taken out of context and their company is very happy about the FCC adding a provision allowing the agency to resolve disputes between companies like Netflix, Inc. (NASDAQ:NFLX), which consumes large amounts of internet traffic and local broadband networks such as Comcast Corporation (NASDAQ:CMCSA) and Verizon Communications Inc. (NYSE:VZ).

“We are strong advocates for Net neutrality and don’t believe data caps are good for consumers and the Internet generally,” Sequeo said.

Netflix, Inc. (NASDAQ:NFLX) is still in favor of net neutrality and supports the FCC’s vote to regulate the internet as it has argued in the past that it should not be charged to deliver its traffic to the consumers who already pay for their internet access. However even after winning the argument that it should not have to pay an extra fee to deliver its content to people, it has still urged the FCC to look more closely into the deals that could provide help in solving any issues that may arise between them and internet service providers.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!