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November 20, 2017 04:00 am

Net Neutrality is Essentially Unassailable, Argues Billionaire Barry Diller

An anonymous reader quotes Yahoo Finance:The billionaire media mogul behind such popular sites as Expedia, Match.com and HomeAdvisor has a one-word forecast for traditional media conglomerates concerned about being replaced by tech giants: serfdom. "They, like everyone else, are kind of going to be serfs on the land of the large tech companies," IAC chairman Barry Diller said... That's because Google and Facebook not only have such massive user bases but also dominate online advertising. "Google and Facebook are consolidating," Diller said. "They are the only mass advertising mediums we have..." He expects Facebook, Google and maybe Amazon to face government regulation, simply because of their immense size. "At a certain point in size, you must," he said. "It's inevitable." He did, however, outline one positive for Big Tech getting so gargantuan. Big Telecom no longer has the economic leverage to roll back today's net-neutrality norms, in which internet providers don't try to charge sites extra for access to their subscribers. "I think it's hard to overturn practically," he said. "It is the accepted system." Even if the U.S. government takes moves to fight net neutrality, Diller told CNBC that "I think it is over... It is [the] practice of the world... You're still going to be able to push a button and publish to the world, without anybody in between asking you for tribute. I think that is now just the way things are done. I don't think it can be violated no matter what laws are back."

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