Originally posted by Robtard
Some people still fail to understand that while most users/people won't care if a service like Netflix goes up 1-2 dollars as that's a pittance when looked at month to month, it's still a 10-20% increase that Netflix is passing onto the consumer...
Why didn't Netflix raise their prices without net neutrality? And why not raise it more if consumers don't care. This statement definitely is not congruent with any economic theory.
Originally posted by DarthSkywalker0
Why didn't Netflix raise their prices without net neutrality? And why not raise it more if consumers don't care. This statement definitely is not congruent with any economic theory.
I'm still confused as to what stopped these companies from doing this prior to these regulations.
Originally posted by DarthSkywalker0
Why didn't Netflix raise their prices without net neutrality? And why not raise it more if consumers don't care. This statement definitely is not congruent with any economic theory.
Originally posted by DarthSkywalker0
A 2 dollar increase in pricing does indicate any mass effect upon the consumer.
Originally posted by Adam Grimes
Lol but they wouldn't be getting max profit anymore, would they?You say this as if big corporations raising prices for services/products was some kind of urban leyend.
Personally, I'm now expecting my Comcast, Netflix, Hulu and Amazon monthly expenses to go down while my services increase now, can't wait 👆
Originally posted by Robtard
Personally, I'm now expecting my Comcast, Netflix, Hulu and Amazon monthly expenses to go down while my services increase now, can't wait 👆
Well, I doubt there will be much of a change at all. You may get slightly faster services for youtube and Netflix and slightly slower for reddit. If you want higher quality internet encourage localities to allow broadband deployment. The biggest issue is the lack of competition.
Originally posted by Adam Grimes
It's innacurate because you're parting from the assumtion they will lose customers, which they most likely won't since they're services are pretty cheap to begin with tbh.
Then why hasn't Netflix raised their prices anyway? This is not an argument based on any economic truth. Any rase in prices changes your demand curve. It does not matter how steep. A 2 dollar increase is 17% as dadudemon aptly noticed. This may not affect the majority but if it effects enough people it effects their productivity.
As far as "while most users/people won't care if a service like Netflix goes up 1-2 dollars", that is absolutely correct, an increase that small is a pittance to the average individual user, but to the provider it's a 10-20% increase in profits; that's what they're looking it. Sure some users here and there will ragequit due to an increase, but that will easily be offset by the percentage increase in profits.
tl;dr Using Netflix, they have about 109million streaming subscribers. To users, it's just a $1-2 more a month, meh, , to Netflix it's 100-200mil a month. Not too shabby. Corporations know when/where to eek up prices.
Originally posted by Surtur
FCC chair Ajit Pai enrages liberals with funny video after ending net neutrality😆
See, Surt, that's the thing, this isn't a Left vs Right issue. Being a Trumper won't magically protect you. As consumers of these products/services, we're all in this together good or bad or stays the same.
Originally posted by Robtard
See, Surt, that's the thing, this isn't a Left vs Right issue. Being a Trumper won't magically protect you. As consumers of these products/services, we're all in this together good or bad or stays the same.
See Rob, I've asked a question and STILL haven't been given an answer. So maybe you can focus on that. In case you missed it:
Originally posted by Surtur
So what stopped companies from behaving this way prior to 2015?If these bad things are gonna happen if we repeal something we've only had for a couple of years...well what stopped that before?
Originally posted by DarthSkywalker0
Well, no as supply and demand is unchanged by net neutrality. Lack of supply and consumer choice change equilibrium. But even if Netflix decided to get cheeky, Hulu would simply sweep up their customers.
For now, it's unchanged. But with fewer restrictions on what they can do with internet supply, do you really think it'll be long before ISPs **** everyone in the US over the way they've obviously wanted to do for a while now?
Originally posted by Surtur
See Rob, I've asked a question and STILL haven't been given an answer. So maybe you can focus on that. In case you missed it:
HYG, sport:
Before Net Neutrality, Internet Providers Consistently Abused Their Powers (Brief Timeline)
2005 – North Carolina ISP Madison River Communications blocked VoIP service Vonage.
2005 – Comcast blocked or severely delayed traffic using the BitTorrent file-sharing protocol. (The company even had the guts to deny this for months until evidence was presented by the Associated Press.)
2007 – AT&T censored Pearl Jam because lead singer criticized President Bush.
2007 to 2009 – AT&T forced Apple to block Skype because it didn’t like the competition. At the time, the carrier had exclusive rights to sell the iPhone and even then the net neutrality advocates were pushing the government to protect online consumers, over 5 years before these rules were actually passed.
2009 – Google Voice app faced similar issues from ISPs, including AT&T on iPhone.
2010 – Windstream Communications, a DSL provider, started hijacking search results made using Google toolbar. It consistently redirected users to Windstream’s own search engine and results.
2011 – MetroPCS, one of the top-five wireless carriers at the time, announced plans to block streaming services over its 4G network from everyone except YouTube.
2011 to 2013 – AT&T, T-Mobile and Verizon blocked Google Wallet in favor of Isis, a mobile payment system in which all three had shares. Verizon even asked Google to not include its payment app in its Nexus devices.
2012 – AT&T blocked FaceTime; again because the company didn’t like the competition.
2012 – Verizon started blocking people from using tethering apps on their phones that enabled consumers to avoid the company’s $20 tethering fee.
2014 – AT&T announced a new “sponsored data” scheme, offering content creators a way to buy their way around the data caps that AT&T imposes on its subscribers.
2014 – Netflix started paying Verizon and Comcast to “improve streaming service for consumers.”
2014 – T-Mobile was accused of using data caps to manipulate online competition.
Originally posted by Robtard
As far as "while most users/people won't care if a service like Netflix goes up 1-2 dollars", that is absolutely correct, an increase that small is a pittance to the average individual user, but to the provider it's a 10-20% increase in profits; that's what they're looking it. Sure some users here and there will ragequit due to an increase, but that will easily be offset by the percentage increase in profits.tl;dr Using Netflix, they have about 109million streaming subscribers. To users, it's just a $1-2 more a month, meh, , to Netflix it's 100-200mil a month. Not too shabby.
That obviously isn't the point. When a company creates a price point they have one thing in mind.
1. Will this get a large number of users on the website at a good price point.
When Netflix designs a price point they do this under this rubric. If your theory was true, why hasn't Netflix raised prices to 11 dollars? Why didn't Netflix raise prices after Net Neutrality? The answer is simple. Economics is a delicate game and maximization of productivity has a number. This is why companies say 99 cents instead of 1 dollar.