By Pete Muntean and Gregory Wallace, CNN Business Executives from the largest US airlines asked the Biden administration for “immediate intervention” in the planned rollout of 5G technology near major airports on Wednesday, warning of dire consequences for transportation and the economy. The representatives of 10 carriers asked the administration in a letter obtained by
Continue ReadingBy Sara Ashley O’Brien, CNN Business The parents of Austin McEwen, one of the six victims killed after a tornado pummeled an Amazon warehouse in Edwardsville, Illinois, last month, said Monday during a press conference that they are suing Amazon over the alleged wrongful death of their son. McEwen’s parents allege that the e-commerce giant,
Continue ReadingBy Clare Duffy, CNN Business “Change is going to come. No question.” “We are serious about taking action.” “Here’s my message for Mark Zuckerberg: Your time of invading our privacy, promoting toxic content, and preying on children and teens is over. Congress will be taking action.” Facebook, now known as Meta, has faced scrutiny on
Continue ReadingBy Jennifer Korn, CNN Business North Korean hackers stole nearly $400 million worth of cryptocurrency in 2021, making it one of the most lucrative years to date for cybercriminals in the severely isolated country, according to a new report. Hackers launched at least seven different attacks last year, primarily targeting investment firms and centralized exchanges
Continue ReadingBy Sara Ashley O’Brien, CNN Business Elizabeth Holmes, the former CEO of Theranos who was convicted earlier this month on four out of 11 federal fraud and conspiracy charges, will not be sentenced until September 26, according to a new filing. The prosecution and defense had proposed September 12 for a sentencing hearing in a
Continue ReadingBy Clare Duffy, CNN Business A group of more than 80 fact-checking organizations from around the world has called YouTube “one of the major conduits of online disinformation and misinformation worldwide” and wants the platform to do more to address the problem. In an open letter to YouTube CEO Susan Wojcicki published Wednesday, the group
Continue ReadingBy Brian Fung, CNN Business US antitrust officials can continue their case to break up Meta, Facebook’s parent company, a federal judge ruled on Tuesday, dealing a blow to the social media giant, which had argued the complaint should be dismissed. The decision allows federal prosecutors to try to prove their allegations that Meta has
Continue ReadingCNN by Reuters Facebook’s parent company Meta Platforms Inc has paused new users from joining its social media tracking tool CrowdTangle due to staffing constraints. Meta, which disbanded the CrowdTangle team last year, has been under pressure to provide greater transparency into its platforms. CrowdTangle founder and CEO Brandon Silverman left Facebook last year. The
Continue ReadingBy Brian Fung, CNN Business Meta, the parent company of Facebook, is delaying its return to US offices until March 28 and will require proof of Covid-19 booster shots for workers in those offices. The company already requires that in-office workers be vaccinated. Janelle Gale, VP of Meta’s human resources department, told CNN Business in
Continue ReadingBy Clare Duffy, CNN Business A judge has ordered Google to turn over hundreds of internal documents — many related to its efforts to quash an employee union — as part of a National Labor Relations Board case over the tech giant’s firing of former employees. In 2019, a group of workers who had recently
Continue ReadingBy Jackie Wattles, CNN Business If 2021 was the year of ostentatious displays of wealthy space tourists chartering one-off missions, 2022 promises to be yet another year solidifying the private sector’s grip on modern space travel. Big businesses are beginning to permeate every area of spaceflight, from the most spectacular private launches to the smallest
Continue ReadingBy Rachel Metz, CNN Business Last summer, Allen Roach saw something that really disturbed him: His then-11-year-old son, Peyton, used a sword to slice off the arms and legs of characters in a virtual reality medieval fantasy game, Blade & Sorcery, then threw the dismembered digital bodies off a bridge. Sure, it all happened in
Continue ReadingBy Samantha Murphy Kelly and Clare Duffy, CNN CES, the closely-watched annual consumer electronics show, looked drastically different this year. Sure, some things were familiar: companies showed off the latest batch of flashy TVs. The onslaught of oddball gadgets got odder. And there was no shortage of next-level health trackers, including a lightbulb that tracks
Continue ReadingCNN, CNN BUSINESS By Samantha Murphy Kelly and Clare Duffy, CNN CES, the closely-watched annual consumer electronics show, looked drastically different this year. Sure, some things were familiar: companies showed off the latest batch of flashy TVs. The onslaught of oddball gadgets got odder. And there was no shortage of next-level health trackers, including a
Continue ReadingBy Jennifer Korn Tim Cook had a very good year. Apple’s CEO received nearly $100 million in total compensation in 2021, a sixfold increase from the prior year, according to a proxy statement filed by the company on Thursday. Cook’s $98.7 million pay package was largely made up of roughly $82 million in stock awards.
Continue ReadingBy Samantha Murphy Kelly, CNN Business When Patrick Kennedy, a nightlife performer in New York City, recently was exposed to Covid-19, he was desperate to find more rapid tests to not only monitor his health but track when he’d be able to return to work. “It’s impossible to find Covid tests because of the shortage
Continue ReadingBy Clare Duffy, CNN Business January 6 was a clear turning point for major social media companies — proving that they would, under certain circumstances, be willing to deplatform a sitting US president. But some experts worry that they still haven’t done enough to address the underlying issues that allowed Trump supporters and others on
Continue ReadingCNN By Clare Duffy, CNN Business January 6 was a clear turning point for major social media companies — proving that they would, under certain circumstances, be willing to deplatform a sitting US president. But some experts worry that they still haven’t done enough to address the underlying issues that allowed Trump supporters and others
Continue ReadingBy Sara Ashley O’Brien, CNN Business Inside the San Jose federal courtroom, I shifted my body forward and from side to side trying to watch Elizabeth Holmes’ face from the wooden bench I’d all but taken up residence in for the past four months. Like others in the courtroom Monday, I wanted to catch a
Continue ReadingBy Jackie Wattles, CNN Business NASA’s Artemis 1 mission, slated for take off as soon as this March, aims to send an Orion spacecraft around the moon. The cabin will be largely empty, save for an a interactive tablet that has been dubbed “Callisto,” which will sit propped up to face an astronaut mannequin. Callisto
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