Net neutrality ruling drops Netflix’s shares by more than 5%

If there’s one major Internet company that may be threatened by a court ruling striking down net neutrality, it’s Netflix. On Tuesday, the U.S. Court of Appeals for the District of Columbia sided with Verizon and struck down key portions of the Federal Communications Commission’s (FCC) Open Internet rules, which mandated that broadband providers treat all web traffic the same. The ruling could open the door for providers like Verizon and Time Warner to charge bandwidth-heavy websites more to deliver their content to users. If this happens, businesses that serve video — services like YouTube, Hulu and Amazon Prime — would be hit hardest. And Netflix is by far the largest in terms of bandwidth, accounting for nearly a third of downstream Internet traffic in North America.