What is net neutrality and why does it matter?

By The Associated Press
NEW YORK — “Net neutrality” regulations, designed to prevent internet service providers like Verizon, AT&T, Comcast and Charter from favoring some sites and apps over others, are on the chopping block. Federal Communications Commission Chairman Ajit Pai, a Republican, on Tuesday unveiled a plan to undo the Obama-era rules that have been in place since 2015 .
Here’s a look at what the developments mean for consumers and companies.
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WHAT IS NE