New York Sues over Net Neutrality, and an Early Uber Investor Leaves His Company
New York Attorney General Eric Schneiderman filed a suit to block the FCC from repealing net neutrality protections. The state's top lawyer says the agency's move is "illegal" and that its system to collect comments on the issue was "corrupted."
Plus Shervin Pishevar, one of Uber's early investors and an executive at Virgin Hyperloop One, stepped down from his venture capital firm amid allegations of sexual harassment. He says he's focused on the legal battle against those launching a "smear campaign" against him.
And is Twitter up for sale? A picture posted by Goldman Sachs CEO Lloyd Blankfein with the social media platform's Jack Dorsey sparked speculation that the two might be working on a deal.
Stocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates.
Norfolk Southern's CEO is apologizing to Congress on Thursday and pledging millions of dollars to help East Palestine, Ohio, recover from the fiery hazardous materials train derailment as senators investigate.
