When the DoJ greenlit the merger of AT&T and Time-Warner, they blessed a union that would see one of technology's most notorious monopolists get even bigger, with the presumption that scaling up to unimaginable size would curb a terrible company's worst abuses.
No such luck.
Every AT&T customer pays a small monthly charge for an "Administrative Fee," a made up thing that is described by AT&T as covering the normal business expenses (interchange, cell site rentals, etc) that they have no business recouping from customers separately from the base cost of service.
AT&T has slowly ratcheted up this fee, raising it from $0.76/line/month to $1.99/line/month over the course of less than a year. This raise will net the company $800,000,000, transferred from the pockets of American telcoms users (that is, everyone who wants to participate in modern public life) to this huge, surveillance-complicit monopoly.
The new revenue will give AT&T the capital it needs to raise $10 billion in debt to allow it to buy more of its competitors, which a Trump DoJ will greenlight.
On the other hand, I'm pretty sure that President Elizabeth Warren's DoJ boss would wipe their ass with such a proposal. Something to think about over the next couple years.
AT&T is screwing customers by almost tripling a bogus fee [David Ruddock/Android Police]
When John Stumpf (previously) was CEO of Wells Fargo, he oversaw a string of scandals including literally millions of acts of bank fraud, and still managed to walk out of the business with millions in bonuses and no criminal prosecutions.
Smarter people than me have pointed out that "work-life balance" says the quiet part out loud, implicitly confirming that you stop living when you're at work. Miles Matrix's Dungeons and Deadlines makes all this much realer with acerbic wit and rockin' chiptunes. My spouse left me after five turns. (via Four Short Links)
Frontier is the bottom-rung of the top-tier of US ISPs, serving customers in 29 states. Despite enjoying monopoly control over its customers' online lives, and despite massive government handouts and a lackadaisical approach to maintenance, and despite out-and-out theft from customers, the company is filing for bankruptcy, having accumulated $16.3b in debt through mismanagement.
You don’t need to be a climate scientist in order to know that the Earth is in serious trouble, but the good news is that you also don’t need to necessarily make any drastic changes to your lifestyle in order to do your part to help. This nOcean Wearable Reusable Silicone Straw will help you […]
When it comes to conquering that resolution list and hitting all of your goals in 2020, nothing is more important than getting a great night’s sleep every night so you can wake up feeling refreshed and extra productive. The CarbonIce: 7-in-1 Bacteria Protection & Cooling Pillow will help you do just that, and right now […]
It’s no secret that business leaders and project managers require a certain set of skills in order to outpace the competition and increase the overall efficiency of their company or team. The Lean Six Sigma Expert Training Bundle will take your managerial skills to the next level through training that will help you earn some […]