The U.S. Securities and Exchange Commission is expected later today to announce a settlement with Facebook amounting to at least $100 million. The fines are related to the Cambridge Analytica scandal.
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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.
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.
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.
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.
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.
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.
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.