Net neutrality, the set of rules requiring internet service providers to treat all traffic as equal, is dead. The five members of the Federal Communications Commission voted Thursday 3-2 along party lines to scrap Obama-era net neutrality rules, returning to a "light touch" approach and ending what Chairman Ajit Pai has called the federal government's "micromanaging" of the internet. The end of net neutrality rules marks a huge victory for the big internet service providers. Depending on how they decide to act, the repeal could have massive implications for the way all Americans use the internet.