Neowin News Feed for: Sec

Reddit announces key filing on the path to a proposed public offering

Paul Hill — Mon, 16 Dec 2024 11:54:01 +0000

Reddit has filed key documents with the SEC for a proposed public offering. If the SEC approves, then Reddit will be allowed to sell its shares to the public. Read more...

SEC rules will see public companies report cybersecurity attacks within four days

Paul Hill — Wed, 26 Jul 2023 23:32:01 +0000

The SEC has announced new rules that will force publicly traded companies to report any cybersecurity incidents within four business days. This will help customers learn of breaches sooner. Read more...

Microsoft and Activision Blizzard reportedly still want to merge as the deal's deadline ends

John Callaham — Wed, 19 Jul 2023 09:00:01 +0000

The official date for the deal for Microsoft to acquire Activision Blizzard to close has now come and gone, but the two companies reportedly still want to make this purchase happen. Read more...

Virgin Orbit lays off 85% of its workforce to reduce expenses

Paul Hill — Fri, 31 Mar 2023 05:04:02 +0000

Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3. Read more...

Tesla confirms DoJ request for Autopilot documents in criminal investigation

Usama Jawad — Wed, 01 Feb 2023 06:08:01 +0000

Tesla has confirmed that it has been required by the U.S. Department of Justice to hand over documents regarding its Auotpilot system. The company is under a criminal investigation right now. Read more...

Apple CEO Tim Cook's pay slashed by 40% for 2023

Paul Hill — Fri, 13 Jan 2023 11:26:01 +0000

Apple CEO Tim Cook is set to receive a 40% pay cut this year according to a filing with the SEC. The decision was made by Apple's Compensation Committee after getting feedback from shareholders. Read more...

Binance backs out of FTX deal after SEC launches investigation over mishandled funds

Paul Hill — Thu, 10 Nov 2022 06:17:46 +0000

Binance has backed out of a non-binding deal to provide FTX with liquidity. The decision came after the SEC said it was going to be investigating FTX to see whether it broke any rules. Read more...

Jack Dorsey retains Twitter shares by rolling over 2.4% stake in Musk's holding

Karthik Mudaliar — Tue, 01 Nov 2022 04:18:02 +0000

Jack Dorsey has formally rolled over his 2.4% Twitter stake to Elon Musk's official holding of the company. The stakes are valued over $1 billion as of now which Musk had to otherwise pay out. Read more...

Twitter: Elon Musk's termination of acquisition deal is "invalid and wrongful"

Usama Jawad — Tue, 12 Jul 2022 06:26:01 +0000

After Elon Musk's announcement that he is terminating his $44 billion acquisition of Twitter, the latter's attorneys have filed a letter to the billionaire's lawyers, calling the decision "wrongful". Read more...

Nvidia fined $5.5 million for misleading investors about crypto market

Usama Jawad — Fri, 06 May 2022 16:04:01 +0000

The U.S. Securities and Exchange Commission (SEC) has fined Nvidia for not telling investors that their rise in revenue in 2018 was due to cryptomining interest rather than its gaming business. Read more...

Elon Musk sued for artificially deflating Twitter share price

Usama Jawad — Wed, 13 Apr 2022 08:24:01 +0000

Elon Musk is the subject of a class-action lawsuit that alleges that the executive artificially deflated Twitter's share price, allowing him to buy more shares while cheating others out of a profit. Read more...

Microsoft accused of engaging in bribery by former employee

Usama Jawad — Sat, 26 Mar 2022 10:06:01 +0000

In an exposé, a former Microsoft employee-turned whistleblower has recounted his experiences of how the company engages in hundred of millions of dollars in bribery in the middle east and Africa. Read more...

Bobby Kotick's friends under insider trading investigation for Activision-Microsoft deal

Asher Madan — Wed, 09 Mar 2022 19:58:01 +0000

Three of Bobby Kotick's friends are under investigation by the government for insider trading. The three made a $108 million investment in the company just days before the Microsoft deal was revealed. Read more...

Starboard buys stake in GoDaddy, will push for improved financial performance

Paul Hill — Mon, 27 Dec 2021 18:56:01 +0000

The investment company Starboard has purchased a 6.5% stake in GoDaddy which has cost it around $800 million. Starboard typically tries to get seats on boards and boost companies' profitability. Read more...

Activision Blizzard under investigation by American Securities and Exchange Commission

Asher Madan — Tue, 21 Sep 2021 01:28:01 +0000

The Wall Street Journal has reported that the United States Securities and Exchange Commission has launched an investigation into Activision Blizzard that span many aspects of its business. Read more...

Chinese ride-hailing firm Didi Chuxing files to go public

Paul Hill — Fri, 11 Jun 2021 01:22:01 +0000

Didi Chuxing, the Chinese ride-hailing app, has filed to go public with the U.S. SEC. It's expected that the company will be publicly listed on the NYSE and Nasdaq as soon as July. Read more...

Tesla is planning to let you buy its cars with bitcoin

Paul Hill — Mon, 08 Feb 2021 15:46:02 +0000

In an SEC filing, Tesla has revealed that it purchased $1.5 billion worth of bitcoin. It also said that it's planning to allow customers to buy cars from it using bitcoin payments. Read more...

Bumble dating app files to become a public company

Paul Hill — Fri, 15 Jan 2021 20:16:01 +0000

The dating app Bumble has filed with the SEC to become a publicly-traded company. Once all the paperwork is out of the way, the company will be traded under the symbol BMBL on the NASDAQ. Read more...

Microsoft's Panos Panay might join Sonos' Board of Directors, SEC filings spotted

Abhay V — Sat, 15 Aug 2020 22:28:01 +0000

U.S. SEC filings hint that Panos Panay might be joining Sonos' Board. The filings were for Restricted Stock Units (RSUs) transfers. However, they do not confirm Panay's departure from Microsoft. Read more...

Microsoft won't mention Xbox Live users and gaming revenue in earnings reports any longer

Hamza Jawad — Thu, 19 Sep 2019 07:48:01 +0000

Microsoft has introduced a new metric, "Xbox content and services revenue growth" in earnings reports, which will be replacing gaming revenue and Xbox Live monthly active users going forward. Read more...

T-Mobile and Sprint extend deadline for merger approval

João Carrasqueira — Mon, 29 Apr 2019 21:08:01 +0000

The third and fourth largest carriers in the United States have extended the deadline for the merger deal between the two to be approved. The companies have until July 29 to convince officials. Read more...

Slack announces confidential IPO filing with the SEC

Paul Hill — Mon, 04 Feb 2019 20:58:01 +0000

Slack has announced that it has filed a confidential IPO filing with the SEC. If it is approved, the firm will begin selling shares to the public. It hopes to be valued in excess of $10 billion. Read more...

Free white paper: Bridging Dev, Sec, and Ops - Golden Image Management

News Staff — Mon, 21 Jan 2019 18:00:01 +0000

Are your server environments poised for growth and security in 2019? This free white paper addresses that question and more. Bridging Dev, Sec, and Ops it's available to claim for a time, now! Read more...

Snap confirms it is being investigated over its U.S. IPO last year

Jay Bonggolto — Wed, 14 Nov 2018 08:14:01 +0000

After sustaining a series of losses since filing its $3 billion IPO earlier last year, Snap has confirmed that the U.S. Justice Department and SEC are conducting a probe on its 2017 public offering. Read more...

U.S. SEC subpoenas Tesla over its Model 3 production forecasts

Paul Hill — Fri, 02 Nov 2018 18:16:02 +0000

In a recent SEC filing, Tesla admitted that it had received a subpoena pertaining to Model 3 production figures despite denying it less than one week ago. It said the DOJ is also investigating. Read more...

Tesla plans to churn out 10,000 Model 3 vehicles every week

Paul Hill — Fri, 02 Nov 2018 14:52:01 +0000

Tesla has announced that it aims to churn out 10,000 Model 3 vehicles by producing 3,000 units each week at its Gigafactory 3 in China. The move will help it deal with trade tariffs too. Read more...

Elon Musk pokes fun at SEC days after being charged with securities fraud

Ruel Revales — Fri, 05 Oct 2018 14:48:01 +0000

After being charged by the US Securities and Exchange Commission for his fraudulent tweet, Elon Musk insulted the SEC by changing its name to the "Shortseller Enrichment Commission." Read more...

Elon Musk will step down as Tesla chairman and pay a $20 million fine in SEC deal

Paul Hill — Sat, 29 Sep 2018 23:50:01 +0000

Elon Musk has reached a settlement with the U.S. SEC that will see him lose his chairman position at Tesla for the next three years. He will also have to pay a fine of $20 million. Read more...

Tesla CEO Elon Musk charged with fraud over misleading claim on firm's share value

Ruel Revales — Fri, 28 Sep 2018 05:28:01 +0000

The U.S. Securities and Exchange Commission is suing Elon Musk for fraud, alleging that the Tesla CEO misled investors when he tweeted about taking his company private at $420 a share. Read more...

Facebook gives Zuck $10 million for security, up from $7.3 million last year

Paul Hill — Fri, 27 Jul 2018 04:36:01 +0000

Mark Zuckerberg has been allotted $10 million by Facebook to help him cover the costs of maintaining his and his family's security. The allowance is up by more than 50% since 2015. Read more...

Sonos quietly files for IPO, likely to go public as early as June or July

Jay Bonggolto — Thu, 26 Apr 2018 06:36:01 +0000

Sonos, the maker of the Playbase speaker for TVs and the Alexa-powered One smart speaker, is expected to start trading publicly as soon as June or July after it secretly filed for an IPO with the SEC. Read more...

DOJ and SEC now want a bite of Apple over throttling disclosure

John Keefer — Tue, 30 Jan 2018 22:08:01 +0000

Apple has been in hot water since its disclosure that it had slowed down older iPhones in an effort to conserve battery life. Lawmakers are involved, and now two other big guns are also weighing in. Read more...

Verizon's $4.8bn Yahoo acquisition has been delayed, as SEC investigates Yahoo data breaches

Andy Weir — Tue, 24 Jan 2017 13:06:01 +0000

Verizon's planned Yahoo acquisition has been delayed for several months, while the SEC has opened an investigation over whether Yahoo failed to promptly disclose details of two massive data breaches. Read more...

Ex-Microsoft manager, SEC settle insider trading allegations he profited from Nokia deal

John Devon — Thu, 24 Mar 2016 22:14:01 +0000

The SEC accused a former Microsoft employee of profiting from stock trades before key public announcements, such as a drop in Windows revenue and the Nokia acquisition in 2013. Read more...

Ex-Microsoft manager gets two years after $400,000 insider trading scheme

Jett Goldsmith — Sat, 09 Aug 2014 01:45:41 +0000

Following the sentencing of his partner, former senior Microsoft manager Brian Jorgenson has received two years in prison for his role in a $400,000 insider trading scheme. Read more...

Senior Microsoft manager charged with insider trading

Brad Sams — Thu, 19 Dec 2013 20:23:53 +0000

The SEC has announced that they are charging a senior Microsoft manager with insider trading by providing a friend with insider information. Read more...

Jeff Bezos: Profits are not important to Amazon, customers are

Max Slater-Robins — Sat, 13 Apr 2013 09:18:46 +0000

Jeff Bezos, CEO of Amazon, has written a letter to shareholders outlining his aims for the company. Bezos says that Amazon innovates even when there is no need, putting customers above profits. Read more...

Zynga's IPO filing shows a weakness

James Woodfin — Sat, 02 Jul 2011 03:36:32 +0000

Zynga has filed its IPO with the Securities and Exchange Commission, as Neowin has previously reported. The company is known for making games for Facebook, such as Farmville, Cityville, Frontierville, and other games; one of... Read more...

Apple, AMD; secrets leaked by inside traders

Brian Donohue — Fri, 17 Dec 2010 01:07:11 +0000

Four U.S. men have been arrested in connection with corporate corruption and insider trading. Walter Shimoon (Flextronics), Mark Longoria (supply chain manager at AMD), Manosha Karunatilaka (Taiwan Semiconductor) and James Fleishman, have all been arrested... Read more...