Why Verizon needs to stop offering unlimited data

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Chart: CNNMoney

Wonder why unlimited data plans are going the way of disco? Mobile Internet usage is exploding. In just 4 years, global mobile data traffic will grow by more than 11-fold to 6.2 million terabytes per month, according to Cisco.

Meanwhile, it’s costing carriers $50 billion each year to upgrade their networks in an attempt to meet customers’ demand for more mobile data.

That cost is getting passed on to you. (It’s so kind of you to pick up your wireless company’s tab!) -David