Elon Musk to Resign as Tesla Chairman, Pay $20 Million Fine in SEC Settlement Over Catastrophic '420' Tweet

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…

The DOJ, FBI, SEC, and FTC Are All Now Investigating Facebook's Role in Cambridge Analytica Scandal

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…

Monster Cable's Plan for Saving Its Failing Business Is a Cryptocoin Called 'Monster Money Tokens'

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.”

Facebook to Investors: There Are More Cambridge Analytica-Sized Privacy Lapses Coming

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…

SEC Charges Founders of Cryptocurrency ICO Promoted by Floyd Mayweather Jr. and DJ Khaled with Fraud

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…

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