Securities and Exchange Commission
Crypto-linked bank failures fuel regulation debate
The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams.
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Meta to reinstate the Accounts of Donald Trump on Facebook and Instagram
The Facebook and Instagram accounts of former US President Donald Trump will be reinstated by Meta after a ban of two years, according to New York Times.
Musk faces US fraud trial over Tesla tweet
Elon Musk, the CEO of electric car giant Tesla, will face trial on Tuesday over allegedly manipulating the stock market with a tweet after a federal judge rejected his request to move the case out of California.
The case dates back to August 2018 when Musk tweeted that he had sufficient funding to take Tesla private, causing a whirlwind in the company's share price.
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Elon Musk must close Twitter Deal by Friday or Face Trial
Tesla CEO Elon Musk has until Friday to close his USD 44 billion Twitter acquisition deal or face a trial, reported CNN Business.
Whistleblower accuses Twitter of hiding major flaws
Twitter misled users and U.S. regulators about "extreme, egregious" gaps in its online protections, the platform's ex-security chief claimed in whistleblower testimony that could impact the court fight over Elon Musk's buyout bid.
Elon Musk sells nearly $7 billion worth of Tesla shares: document
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.
The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website.
Government Agencies might have to Pay to use Twitter in the Future
Twitter can become a paid service for companies and government agencies. Entrepreneur Elon Musk, who bought the company, announced this on his page on the aforementioned social network.
"Twitter will always be free for ordinary users but it is possible to pay a fee for commercial or government users," the publication said.
Musk sells $4 bln in Tesla shares, presumably for Twitter deal
Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.
Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13.
Twitter’s Board agreed to Sell the Social Network to Elon Musk for $44 billion
The board of Twitter has agreed to sell the social network to billionaire Elon Musk for $44 billion or $54.20 per share, which is nearly 38% above the closing price of Twitter shares on the 1st of April - before Musk revealed that he had bought about a 9 percent stake in social media.
US judge deemed controversial Musk tweet on Tesla ‘false’: investors
A 2018 tweet posted by Elon Musk in which he claimed to have secured the funding to take Tesla private was deemed "false and misleading" by a judge, according to documents filed by investors suing his electric car company.