Tag: Securities and exchange commis

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.

Jay Bonggolto · Jul 24, 2019 with 4 comments

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.

João Carrasqueira · Apr 29, 2019 with 2 comments

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.

Paul Hill · Feb 4, 2019 with 10 comments

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.

Paul Hill · Nov 2, 2018 with 0 comments

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.

Paul Hill · Nov 2, 2018 · Hot! with 10 comments

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.

Paul Hill · Sep 29, 2018 · Hot! with 24 comments

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.

Ruel Revales · Sep 28, 2018 with 21 comments

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.

Jay Bonggolto · Apr 26, 2018 with 1 comment