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Rani Molla

Amazon, Microsoft, and Meta are among the US tech companies most affected by Trump’s $100,000 H-1B fee

President Trump’s proclamation on Friday charging a new $100,000 fee for high-skilled tech visas has sent the countrys biggest tech companies scrambling. Firms warned their H-1B workers not to travel outside the US and are weighing what the steep cost could mean for future hiring, given their heavy reliance on the program to bring in top talent.

Data from the US Citizenship and Immigration Services shows the top beneficiaries of H-1B visas this year include Amazon, Microsoft, Meta, Apple, and Google.

So far, the leaders of these tech companies, many of whom recently attended a White House dinner praising the president, have been mum on the new fee, except for Netflix’s Reed Hastings. He wrote on X that he considers it a “great solution.”

“It will mean H1-B is used just for very high-value jobs, which will mean no lottery needed, and more certainty for those jobs,” he said. Netflix is not among the top 100 beneficiaries of H-1B visas this year.

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Jury finds Meta and Google liable in social addiction case

A Los Angeles jury found Meta and Google liable of designing Instagram and YouTube to be addictive for young users, awarding the plaintiff $3 million in damages, with Meta responsible for 70% of the total. The trial centered on whether features like autoplay and infinite scroll contributed to a plaintiff’s mental health issues — and could set a precedent for holding tech companies responsible for product design, not just content.

The jury also found that Meta and Google could face punitive damages, with a separate phase of the trial to determine how much they should pay.

The decision comes just one day after a New Mexico judge ordered Meta to pay $375 million in civil penalties, saying it violated state consumer protection laws by enabling child sexual exploitation.

The jury also found that Meta and Google could face punitive damages, with a separate phase of the trial to determine how much they should pay.

The decision comes just one day after a New Mexico judge ordered Meta to pay $375 million in civil penalties, saying it violated state consumer protection laws by enabling child sexual exploitation.

AI image of Sam Altman grilling Pikachu

Sora lasted less than one Quibi

OpenAI’s app joins the hallowed halls of video ideas that burned bright and fast.

$75B

SpaceX, which could file confidential paperwork for its IPO as soon as this week, is now aiming to raise an astounding $75 billion through its public listing, The Information reports. That’s 50% higher than previous reports.

For comparison’s sake, the current record holder for money raised in an IPO is Saudi Aramco, which raised $29.4 billion. Or, as The Information noted, SpaceX’s IPO would “surpass all money raised by US IPOs last year.”

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