Yahoo! Inc. (NASDAQ:YHOO) is helping in keeping the internet a free space and an open platform for innovation, in its own way. The company recently came out with a blogpost on its Tumblr page, informing users the steps it is taking in keeping the Internet open. The reason for Yahoo! Inc. (NASDAQ:YHOO) to reiterate its commitment? You may ask. Well, the Federal Communications Commission (FCC) is currently considering rules on how to make sure that Internet remains an open platform for innovation.
According to the post, Yahoo! Inc. (NASDAQ:YHOO) has urged the FCC to ban paid prioritization and to create definite regulations for companies like Yahoo! Inc. (NASDAQ:YHOO) that provide content. The company feels that those regulations must apply to both wireless and wired networks.
As of June 30, 2014, D.E. Shaw‘s firm D.E. Shaw owns over 16 million shares in Yahoo! Inc. (NASDAQ:YHOO).