Getting stuck at an airport because your flight was delayed or cancelled is a nightmare. Michael Schneider, CEO of Service, was with us to share how his app helps flyers recoup money on these flights.
While compensation for weather-related delays varies by airline and frequent flyer status, Service syncs with your inbox to find flight delays or cancellations from the last 12 months of travel. Schneider explained how the company files a claim on the user's behalf. The average user saves over $300 per year with Service, according to Schneider.
Service has over 100,000 users and is adding over 10,000 more each month. The app handle hundreds of claims per day on behalf of its users. Schneider explained that the company charges 30% of the value of what it returns to users.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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