A new proposal could weaken federal oversight of internet service providers by rolling back net neutrality regulations — a change that makes sense to tech investor and Donald Trump critic Mark Cuban.
Cuban reiterated his criticism of net neutrality regulations on Wednesday, tweeting that the existing rules give the president the keys to the entire internet.
Tweet: Do # NetNeutrailityproponents realize that continuing the rules as is effectively puts @ realDonaldTrumpin charge of the Internet and it's future ?
Federal Communications Commission Chairman Ajit Pai said on Tuesday that the agency was reviewing a drafted proposal to replace existing net neutrality regulations. Pai's proposal would roll back Obama-era rules that prevented internet service providers like Verizon, AT&T, Charter or CNBC owner Comcast from changing the delivery speed and availability of specific internet content. A replacement plan would lift many of the federal regulations but maintain a mandate of transparency, Pai said.
Cuban referred Twitter followers to his previous critiques on net neutrality regulation. He argued that private companies weren't really harmed by the state of the internet prior to the Obama-era rules, and thus would be unlikely to be harmed by rolling the rules back.
Tweet: Do you want @ realDonaldTrumpand the same organization that felt the need to rule on and take 8 years to evaluate Janet Jackson's Super Bowl wardrobe malfunction in charge of the internet?
Cuban made his name by building and selling online streaming company Broadcast.com during the dot-com boom. Cuban, unlike most of Silicon Valley, has maintained for years that private companies should compete for promotion on the internet — not depend on FCC rules to mediate the entire ecosystem.
"Consumers have little choice in their [internet service provider], and service providers should not be allowed to use this gatekeeper position at the point of connection to discriminate against websites and apps," said Michael Beckerman, president and CEO of the Internet Association, in a statement on Tuesday.