You have no idea wtf is going on obviously
Once internet is a public utility it will be regulated. That means that rather than business decisions being made in the marketplace, they will be contrived by politicians and bureaucrats who are, in turn, influenced by the lobbying campaigns. Next thing you know sites start being "regulated" because they are...hmmm... lets say not beneficial for the agenda. This is going to pave the end of the free internet as we know it. Don't see why people are pissing their pants in joy...
Not sure whose talking points you're regurgitating but people are "pissing their pants in joy" because the cable oligopoly that currently controls broadband internet in the United States was already taking part in activities that damage the free internet that this move would theoretically put a stop to:
1) Extorting streaming services that compete with their own (Netflix as the primary example) by degrading the speed of packets being delivered to end-users until they paid them off.
2) Bribing local and state governments to "write" laws that essentially outlaw competition, be it from other companies who wish to share pre-existing infrastructure/build their own or from local municipalities fed up with the shit quality of service they were receiving who wished to create their own.
3) Experimenting with billing structures that limit end-users' usage (which limits what businesses will be able to succeed) while exempting their own products from said limits.
The internet is already a public utility. We need it to conduct our daily business, communicate with the outside world and everything in between. You could argue that making the internet a public utility will have unforeseen consequences that may cause problems down the road but the "business decisions" that are currently being made are running roughshod over the American public (whose tax dollars have by-and-large paid for the infrastructure that these companies rely on and refuse to make the necessary upgrades to in order to provide a product competitive with those around the world) and this decision (assuming it's upheld) is a significant step towards reigning these motherfuckers in.
However, if you seriously think sites are going to be "regulated" based on whether or not they agree with someone's agenda, you may need to readjust your tinfoil hat because your reception is off.