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There's No Evidence Comcast's New 'Network Investment' Is Because of Net Neutrality Repeal or Tax Cuts (vice.com)
An anonymous reader quotes a report from Motherboard: Comcast issued a statement last week claiming that the government's new tax plan and the end of net neutrality will directly result in a dramatic spike in Comcast's network investment and job creation plans. If you look at Comcast's capital investments over the past 12 months and calculate continued investment growth at current rates -- you'll find that Comcast was already on pace to spend more than $50 billion on investment over the next five years.
Journalists that could be bothered to take a closer look at Comcast's earnings discovered that the company's promise of $50 billion in investment over five years is something that would have occurred regardless of the net neutrality repeal or Comcast's shiny new tax cut. "In Q3 2017, the most recent quarter, Comcast's capital expenditures were $2.4 billion," noted Ars Technica's Jon Brodkin. "Continuing to spend at that rate, even if Comcast doesn't increase spending to account for inflation, would push Comcast to $9.6 billion a year or $48 billion over the next five years." Indeed; if you look at Comcast's capital investments over the past 12 months and calculate continued investment growth at current rates -- you'll find that Comcast was already on pace to spend more than $50 billion on investment over the next five years.
Journalists that could be bothered to take a closer look at Comcast's earnings discovered that the company's promise of $50 billion in investment over five years is something that would have occurred regardless of the net neutrality repeal or Comcast's shiny new tax cut. "In Q3 2017, the most recent quarter, Comcast's capital expenditures were $2.4 billion," noted Ars Technica's Jon Brodkin. "Continuing to spend at that rate, even if Comcast doesn't increase spending to account for inflation, would push Comcast to $9.6 billion a year or $48 billion over the next five years." Indeed; if you look at Comcast's capital investments over the past 12 months and calculate continued investment growth at current rates -- you'll find that Comcast was already on pace to spend more than $50 billion on investment over the next five years.
now thatbthis administration has completely bent over backwards to the likes of Comcast
You're, of course, getting it exactly backwards. Companies like Comcast (which you're oddly confusing with being a "monopoly" ... despite the fact that are only one provider of such services out of multiple) - especially the big ones like them, Verizon, etc - LIKED Obama's rule. Because it made things harder on smaller, competing providers. Stop pretending you actually believe the crap you're spewing, and stop being a phony troll who's actually shilling for companies like Comcast. They wanted the more complex regulator environment in place, not stripped away. And you know that, and are simply lying with your childish-sounding theatrics.
So, if Comcast doesn't profit from the end of Net Neutrality, that's just incompetence.
Really, you're not fooling anyone with this BS. Comcast will LOSE market influence when things return to the way they were two years ago. Which you know, and are pretending (through things like your phony game of acting like you don't know how to use an apostrophe - that's a nice touch!) that you're too dumb to understand. Because you're just a righteous grass-roots resister! Power to the people! Except your troll is too juvenile to wash in a place like this. You need some fresh talking points from your employer - you're not coming across like a sincere enough useful idiot type.
Don't disappoint your bird dog. Go to the range.
CNN and MSNBC are working hard to become more shrill and extreme, though.
Just this week, did you catch the fake news about cutting down a 200 year old tree at the White House?
Bring in specialists and historians to talk about how terrible it is, but not one arborist to describe how the tree is mostly rotten and about to fall over onto the White House... Great job MSNBC.