The storm clouds are gathering over the Clear debacle. Someone woke up Congress and now they want answers.
From Wired:
Clear subscribers paid $200 annually to skip to the front of security lines at 20 of the countries largest airports, but they had to undergo a background check and turn over social security numbers, fingerprints and iris prints to get the card.
That data trove left a lot of unanswered questions after Clear closed abruptly last Monday night. The company, which was founded by journalist-cum-entrepreneur Steven Brill, belatedly told members it was seeking to sell its data to another fast-lane company. If a buyer wasn’t found, it would destroy the data, according to the company’s website.
Hmm. $200 dollar subscriptions for over 165,000 people. So, $33 mil per annum and they’re not filing for bankruptcy? This smells all wrong.
Not only am I curious as to the fate of the data but, where did all the money go?