- With public worries about digital surveillance still running high following last year's NSA revelations, FCC filings state Gogo (GOGO -8%) partnered with government officials to develop "capabilities to accommodate law enforcement interests" that go beyond those required by federal law.
- Gogo's terms of service gives it the right to disclose personal information if the company deems it necessary to "protect or defend the rights, property, or safety of Gogo, you, other users, or third parties."
- A Gogo spokesman: "Gogo does what all airborne connectivity companies have been asked to do from a security perspective, and it has nothing to do with monitoring traffic. Beyond that, we can’t comment beyond what’s in our public comments with the FCC."
- Shares fell hard on what proved to be another rough day for momentum stocks.