The FCC's jurisdiction on this was already shaky even before Chevron was overturned, I think the moment activism was pushed in this direction net neutrality was doomed a decade of unending lawsuits. Even if they somehow made it passed the courts, I'm not quite convinced the FCC would be motivated to actually do much about this even with a sympathetic administration. Consider that prior to the internet, they were pretty much created to do the opposite of what people want from net neutrality.
These are just my armchair thoughts though.
Big business will eventually need to abandon this old "market domination" model because of consumer demand to own physical files if things work correctly. Millions of people streaming the same movies and music over and over again is very wasteful and not sustainable in the long run, as each monthly service is a different (continually increasing) bill, it will only serve to bring bootlegging operations back to popularity in the long run... As once you download & save a digital file, it doesn't really require that bandwidth again & again per device.
Subverting Net Neutrality is just another way companies will exert greed on consumers, but in the long run, consumers will always win when they withdraw from subscriptions and these companies begin to falter.
We should be paying $25 a month for Internet service by now, and $2 to permanently buy a movie, and perhaps $4 to buy an album on memory stick. That would be the fair future... Instead, they're charging each user $24 a month just for (very limited selection) Netflix alone, and each other service is doing the same... Companies stand to lose everything in this battle because of the huge infrastructure (up-front) investments they need to make in order to operate... Customers can go back to pirating Mp3s, Mp4s, CDs, DVDs, Vinyl, and even Tape decks if need be. It's long overdue for the industry to check itself and do a reset... Bandwidth is not the real battle going on here, it's all economic.
I must live in another universe because it all feels fake.
I won't miss it if it does get banned. It's stressed so many people out for no good reason, and sucked up millions of hours of free labor from unrecognized & unpaid creators that deserve better.
That doesn't mean that any Meta product is good for content creators mind you.