Senators on Wednesday slammed increasing airline fees for baggage and seat assignments, saying carriers are looking for new ways to extract more money from passengers. saw Richard Blumenthal, who chairs the Permanent Subcommittee on Investigations, attack the carriers in a hearing with executives from American Airlines, United Airlines, Delta Air Lines, Spirit Airlines and Frontier. … Read more
Budget carrier Frontier Airlines said Tuesday it will offer first-class seats to attract passengers willing to spend more. Frontier previously added more seats with extra legroom and business fares targeted at small companies. Other budget carriers have also targeted higher fares. In August, Spirit Airlines began offering intra-European-style business class seats with a guaranteed blocked … Read more
Meta chief Mark Zuckerberg wants to play an “active role” in shaping technology regulations under President-elect Donald Trump’s administration, the social media giant’s top policy executive said. Nick Clegg, Meta’s head of global affairs, also admitted that the parent of Facebook and Instagram “went a bit too far” while moderating pandemic-related content. Zuckerberg intends to … Read more
A Delaware judge ruled Monday that Tesla CEO Elon Musk is still not entitled to a $56 billion compensation package, despite the electric vehicle company’s shareholders voting to reinstate him. The decision by the judge, Chancellor Kathaleen McCormick of the Court of Chancery, follows her January ruling that called the pay package excessive and struck … Read more
Apple has been accused in a new lawsuit of illegally monitoring its employees’ personal devices and iCloud accounts while barring them from discussing their wages and working conditions. The complaint filed in California state court on Sunday by Amar Bhakta, who works in digital advertising for Apple, alleges that the company requires employees to install … Read more
Elon Musk has asked a federal judge to block Sam Altman’s OpenAI from completing plans to become a for-profit entity – arguing that it would cause “irreparable harm” to the public. In an appearance late Friday in US District Court in San Francisco, Musk accused Altman of violating antitrust law through OpenAI’s collaboration with Microsoft, … Read more
Reid Hoffman, the billionaire co-founder of LinkedIn and mega-donor to the Democratic Party, is said to be so worried about President-elect Donald Trump’s victory that he has considered leaving the country. Hoffman, who was vocal in his support of Vice President Kamala Harris’ failed campaign, has told friends he is considering moving out of state … Read more
Social media giant Meta plans to lay its own private underwater fiber-optic internet cable that will stretch around the world, according to a new report. Early next year, Meta — the parent company of Facebook, Instagram and WhatsApp — is expected to announce plans to lay more than 25,000 miles of undersea fiber optic cables, … Read more
The ex-girlfriend of convicted FTX fraudster Sam Bankman-Fried will serve less prison time than her original sentence, according to a report. Caroline Ellison, who ran Bankman-Fried’s Alameda Research cryptocurrency hedge fund, reported to the Danbury Federal Correctional Institution in Connecticut in November. 7 to begin serving a two-year sentence after she pleaded guilty to wire … Read more
Billionaire venture capitalist and Trump father-in-law Josh Kushner dismissed online criticism of a tech executive who visited Israel and posted an image of a Tel Aviv beach on social media. Kushner, the brother of President-elect Donald Trump’s son-in-law Jared Kushner, took to social media platform X on Wednesday to defend Patrick Collison, the co-founder and … Read more