From the day Uber started offering its ride-sharing service, it’s been fighting with drivers and governments over its lack of benefits and low wages. On Thursday, it signaled that it wants to give drivers a peace offering in the form of a piece of the company.
And no more screen time until you finish your homework.
In August, Tesla CEO Elon Musk set off an entirely preventable and catastrophic chain of events by tweeting that he was “considering taking Tesla private at $420. Funding secured.” Musk provided no financing details, and the Securities and Exchange Commission later determined that he never finalized any kind of deal…
Elon Musk is being sued by the SEC for securities violations, but it appears this entire situation could have been avoided on two distinct opportunities.
The Securities and Exchange Commission has opened a case against Tesla and SpaceX CEO Elon Musk.
Embattled electric car manufacturer Tesla racked up its third class-action suit, filed this evening in California’s Northern District Court, stemming from bizarre and potentially unfounded tweets sent last week by CEO Elon Musk.
Remember “Long Blockchain,” or rather, the company formerly known as Long Island Iced Tea Corp. that saw its stock skyrocket after it changed its name to refer to the foundational technology behind the cryptocurrency boom and made a vague pivot to “globally scalable blockchain technology solutions”? Turns out that…
The federal investigation into Facebook’s Cambridge Analytica data-sharing scandal—in which prior versions of Facebook’s advertising API allowed the shady election data firm to partner with an app to harvest data on at least 87 million users without their consent—has expanded to include a multi-agency inquiry into the…
Ever since Dr. Dre forgot about Monster and walked into the loving arms of Apple, the overpriced cable manufacturer has struggled to keep its head above water. But it’s 2018 and every failing company has one ace up its sleeve when it needs to save itself: Pivot to blockchain. Say hello to “Monster Money.”
Scammers have been dining out on the excitement around cryptocurrency and its vey large, very uninformed pool of main street investors. And no matter how many fraud charges get handed out to the people running these schemes, regular folks keep falling for sketchy initial coin offerings. So the SEC made its own.
Facebook’s latest earnings report showed the company escaped its recent round of public scrutiny mostly unscathed, but a filing made this week with the US Securities and Exchange Commission shows that Facebook is expecting to find more massive misuses of data similar to the one that sparked the Cambridge Analytica…
Altaba, the holding company formed to carry the remains of Yahoo after it sold its core business to Verizon, has agreed to pay a $35 million fine to the Securities and Exchange Commission for Yahoo’s failure to quickly inform users about several massive breaches.
Sohrab “Sam” Sharma and Robert Farkas were the operators of an initial coin offering that—according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York—fleeced investors out of more than $32 million though a business called Centra Tech. Inc. What led to Farkas’s…
Last Summer, Equifax experienced one of the most devastating data breaches in history. In an incredible stroke of luck, several executives had dumped their stock in the company prior to the news going public. They were cleared of wrongdoing, but on Wednesday, the SEC filed insider trading charges against a different…
CEO Elizabeth Holmes and former president Ramesh “Sunny” Balwani of the disgraced blood-testing startup Theranos have been charged with “massive” fraud, according to the Securities Exchange Commission, and have agreed to resolve the charges.
The heads of the Securities Exchange Commission and the Commodity Futures Trading Commission sat before a congressional committee this morning to restate their intent to regulate—but not stifle—cryptocurrency and its related offerings. During questioning, however, it became clear that foundational issues are stalling…
Following news that the Department of Justice has allegedly opened an investigation into Apple’s practice of throttling iPhones with aging batteries, the company is speaking out.
What have you done Kodak, what have you done? Earlier this month, the stalwart film company got into bed with the oh-so-tempting blockchain brigade, and its stock price dutifully shot up. With one day to go before its initial coin offering, more details have emerged about this unholy marriage, and it’s easy to believe…
There are a number of ways a cryptocurrency-based business can run afoul of regulators these days. A startup called Arisebank seemingly decided to try all of them at once.
Joint statements today from both the Securities Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have effectively put a freeze on cryptocurrency futures trading. The statements come after several crypto-based exchange-traded futures (ETFs) proposals were withdrawn last week, at the…
Advertisement
