The company's hidden fees can allegedly boost the total cost of a ticket by 40%. Millions of sports fans and concertgoers could have fallen victim to a deceptive pricing scheme at the online events platform StubHub that leads them to overpay for tickets, according to a lawsuit.
Industry
CrowdStrike Sued by Shareholders for Defrauding Investors, Causing Global Tech Outage
The shareholders also noted that CrowdStrike's share price fell more than 30% in the days following the global tech outage.
Intel Will Lay Off Over 15,000 Workers After Posting a $1.6bn Loss in Revenue
The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
Dow Closes Nearly 500 Points Lower Amid Concerns of a Potential Recession
The Dow had already plunged more than 700 points earlier in the session. Stocks tumbled Thursday, with the Dow Jones Industrial Average closing nearly 500 points lower after fresh data stoked concerns of a potential recession.
Apple Sees 5% Boost in Sales, Exceeding Analysts’ Expectations for Over $20 Billion in Profit
Apple's revenue was boosted by sales of Macs and iPads, which offset the weak demand for iPhones.
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The AI tech aims to ease the workload of staffers and improve order accuracy. Taco Bell customers in the United States could soon have a different drive-thru experience as the chain looks to roll out AI drive-thru ordering.
The crash led to the death of 28-year-old motorcycle rider Jeffrey Nissen. A Tesla Model S car that was involved in a crash that killed a motorcyclist in the Seattle area in April was operating in "Full Self-Driving" mode at the time of the incident, police said.
The lawsuit accused Meta of illegally collecting the biometric information of millions of Texans without consent.
Microsoft said that it would increase its spending on developing its artificial intelligence infrastructure despite a slowed growth in its cloud business.
The coffee giant's global sales dropped by 3% at all stores open for at least a year. Starbucks' sales tumbled globally as more US and international consumers rejected its high-priced coffees.
The Tesla analyst noted that he had to intervene on several occasions to avoid a crash during the test drive.
McDonald’s reported that its global sales dipped by 1% for the second quarter, the first time it has done so in over three years.
Delta Airlines has hired David Boies, prominent attorney and chair of law firm Boies Schiller Flexner, in order to seek damages from CrowdStrike and Microsoft after an outage this month that caused millions of computers to crash, including those in airports.
Bitcoin has surged to nearly $70,000, its highest since mid-June, driven by former President Trump's vow to make the US a crypto power in his speech during his campaign.
