In today's top stories, Spirit and Frontier airlines are coming together in a $6.6 billion deal, Verizon extends its smartphone contract to 36 months, and a production company behind The Matrix Resurrections reportedly sues Warner Bros.
Facebook's parent company is concerned that if the US and EU fail to strike a new data transfer agreement, the future of its European operations are at risk.
In this week's top stories, shares of Meta dropped over 26% and Amazon raises fee for Prime subscribers. Also, Pfizer seeks emergency-use authorization for the COVID-19 vaccine for kids under 5.
For the first time, the social media giant breaks out the performance of its AR and VR business. Its earnings in the fourth quarter, though, were weaker than expected.
