Google-Verizon Deal Could Spell the End of “Net Neutrality”

A proposed agreement between Google Inc. (Nasdaq: GOOG ) and Verizon Communications Inc. (NYSE: VZ ) could spell the end of " net neutrality ," and have smartphone users seeing red instead of their favorite videos. The arrangement, which has yet to be unveiled, would allow Verizon to charge content providers more to give their services priority on its network , the Financial Times reported, citing people familiar with the plan. News of the agreement spread like a virus on Thursday, when the Federal Communications Commission (FCC) called off industry-wide talks, saying it had failed to reach an agreement on a "robust framework to preserve the openness and freedom of the Internet."