High-speed internet is about to get more expensive in the US after federal regulators voted to allow companies to slow down their competitors’ traffic and charge them extra fees for faster speeds

High-speed internet is about to get more expensive in the US after federal regulators voted to allow companies to slow down their competitors’ traffic and charge them extra fees for faster speeds. The order from the Federal Communications Commission allows internet service providers to charge streaming services and app developers for faster speeds, marking a significant departure from net neutrality rules. Critics argue the decision will increase costs for consumers, stifle competition and favor large corporations.<br><br>**Key Points:**<br>- The FCC voted on the "Open Internet" order, allowing internet providers to charge for faster speeds.<br>- Critics expect increased costs for streaming services and app developers, potentially passing these costs to consumers.<br>- Small businesses and startups may struggle to compete with larger corporations.<br>- Internet providers can slow down speeds for competitors' traffic.<br>- The decision reverses the net neutrality rules established in 2015.<br>- Large tech companies are likely to bear the initial brunt but may pass costs to consumers.<br>- The ruling could have implications for the cost and availability of high-speed internet across the US.<br><br>**Key Takeaways:**<br>The FCC decision could lead to increased costs for consumers and reduced competition among internet providers. Critics warn that allowing providers to charge extra for faster speeds could favor large corporations and limit internet access in rural areas.