(Bloomberg) — Republican regulators moving to kill Obama-era open internet regulations say one big reason for their action is that the rules have depressed investment in broadband.

But much of the research being held up by Federal Communications Commission Chairman Ajit Pai to justify rescinding that rule comes from the very companies that stand to benefit and their advocates. Even some of the authors involved question whether all the research cited by regulators is valid.
“This is a classic case of garbage in, garbage out,” said telecom industry analyst Craig Moffett, a founding partner of New York-based MoffettNathanson. “There are so many other factors that drive capital investment beyond just regulatory environment.”
With the FCC poised to vote Thursday to eliminate the 2015 restrictions on internet service providers, or ISPs, the seemingly academic question of how reliable the studies are could quickly become critical when opponents file lawsuits asking judges to undo the vote.
Under laws designed to prevent wide swings in policy during changes in administrations, Pai will need to prove that scrapping the rules is justified by changes in conditions since they were put in place. The move can’t be arbitrary or capricious, according to a law that sets out procedures for federal rulemaking.
Major Turnaround
It will be difficult “for the agency to justify a major turnaround based on data from such a short time frame,” said Andrew

 

(Bloomberg) — The WhatsApp chat app is suffering a global outage on Friday, with users from the U.K. to Indonesia reporting connectivity issues.
Downdetector, a website that tracks outages, reported that WhatsApp has been having issues since 2:38 a.m. New York time.
WhatsApp did not respond to a request for to comment. A notice on the app said “Our service is experiencing a problem right now. We are working on it and hope to restore functionality shortly.” The chat app, owned by Facebook Inc., has more than 1 billion users.
In August Facebook went down temporarily for some of its more than 2 billion global users after a technical error caused a glitch that blocked access to the social network. Outages are rare for Facebook, which via its social media platform and WhatsApp has become a digital front page for people to read news, share information and communicate with friends and family.
The past 24-hours have been a tricky time for social media platforms. U.S. President Donald Trump’s personal Twitter account went down abruptly for about 11 minutes Thursday evening, a brief deactivation the social media company blamed on an employee who was heading out the door.

 

(Bloomberg) — A Florida software engineer was sentenced to 16 months in prison for helping run an illegal Bitcoin exchange suspected of laundering money for a group of hackers who targeted financial and publishing firms including JPMorgan Chase & Co. and Dow Jones & Co.
Yuri Lebedev, 39, helped operate Coin.mx, which tricked banks into processing bitcoin transactions by disguising them as restaurant-delivery charges and online purchases of collectible items. He was convicted in March of conspiracy and fraud following a month-long trial in Manhattan.
Lebedev, wearing a black suit, stood before sentencing to tell the judge he regretted his actions. He said he joined Coin.mx to create “cutting edge technology” and build something “that would make me exceptional.”
“I got carried away,” he said, adding he realizes now “there are no shortcuts.”
U.S. District Judge Alison J. Nathan in New York said Lebedev used his “impressive technology skills” to trick banks, making them “unwilling participants in the scheme.”
Prosecutors said the unregistered exchange sold bitcoins that were used in illegal online transactions and as payment in ransomware attacks. To help dodge regulators, Lebedev also conspired with his boss to bribe a New Jersey pastor to let them take over a credit union that was run out of a church and use it to help legitimize the exchange’s corrupt operations.
The operator of Coin.mx, Anthony Murgio, was sentenced to 5 1/2 years

 

(Bloomberg) — Alphabet Inc. shares fell after second-quarter results resurfaced a worrying trend: The company’s costs are rising as it spends more to expand Google’s newer, fastest-growing advertising businesses.
The company reported sales, minus partner payouts, were $20.92 billion, in line with analysts’ consensus forecasts, but below some more bullish expectations. Estimates ranged from $20.55 billion to $21.61 billion, according to data compiled by Bloomberg. Profit was also hammered by a record antitrust fine from the European Union.
The main Google division generated revenue of $22.67 billion in the latest period, but 22 percent of that was paid out to partners as traffic acquisition costs, also known as TAC. A year earlier, TAC was 21 percent of Google revenue.
Most of Google’s growth comes from mobile search ads, YouTube marketing spots and automated marketing called programmatic campaigns. The company has to share more of the money from those ads than it does with its original web search marketing slots.
“Growth in TAC accelerated for the third straight quarter, suggesting rising costs of future ad dollars,” said James Cakmak, an analyst at Monness Crespi Hardt & Co.
Alphabet shares fell as much as 3.5 percent after closing at $998.31 in New York.
Chief Financial Officer Ruth Porat said the company expects TAC for Google properties such as Search and YouTube to continue to increase, suggesting margins may shrink. She said the company is

 

(Bloomberg) — Alphabet Inc. shares fell after second-quarter results resurfaced a worrying trend: The company’s costs are rising as it spends more to expand Google’s newer, fastest-growing advertising businesses.
The company reported sales, minus partner payouts, were $20.92 billion, in line with analysts’ consensus forecasts, but below some more bullish expectations. Estimates ranged from $20.55 billion to $21.61 billion, according to data compiled by Bloomberg. Profit was also hammered by a record antitrust fine from the European Union.
The main Google division generated revenue of $22.67 billion in the latest period, but 22 percent of that was paid out to partners as traffic acquisition costs, also known as TAC. A year earlier, TAC was 21 percent of Google revenue.
Most of Google’s growth comes from mobile search ads, YouTube marketing spots and automated marketing called programmatic campaigns. The company has to share more of the money from those ads than it does with its original web search marketing slots.
“Growth in TAC accelerated for the third straight quarter, suggesting rising costs of future ad dollars,” said James Cakmak, an analyst at Monness Crespi Hardt & Co.
Alphabet shares fell as much as 3.5 percent after closing at $998.31 in New York.
Chief Financial Officer Ruth Porat said the company expects TAC for Google properties such as Search and YouTube to continue to increase, suggesting margins may shrink. She said the company is

 

Equinix has added its New York and London data centers to the list of sites that will connect to the new transatlantic submarine cable system being built by the Irish operator Aqua Comms.

The post New Submarine Cable to Connect Equinix Data Centers in New York, London appeared first on Web Hosting Talk.

 

Equinix has added its New York and London data centers to the list of sites that will connect to the new transatlantic submarine cable system being built by the Irish operator Aqua Comms.

The post New Submarine Cable to Connect Equinix Data Centers in New York, London appeared first on Web Hosting Talk.

 

Equinix has added its New York and London data centers to the list of sites that will connect to the new transatlantic submarine cable system being built by the Irish operator Aqua Comms.

The post New Submarine Cable to Connect Equinix Data Centers in New York, London appeared first on Web Hosting Talk.

 

SingleHop has acquired DataGram to expand its hosted private cloud services with additional data centers in New York and Connecticut. The financial details of the transaction have not been disclosed.

The post SingleHop Acquires Datagram to Expand Enterprise Cloud Reach appeared first on Web Hosting Talk.

 

SingleHop has acquired DataGram to expand its hosted private cloud services with additional data centers in New York and Connecticut. The financial details of the transaction have not been disclosed.

The post SingleHop Acquires Datagram to Expand Enterprise Cloud Reach appeared first on Web Hosting Talk.

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