Judge approves Musk’s $1.5m SEC Twitter settlement despite ‘red flags’
A federal judge has approved the Securities and Exchange Commission’s settlement with Elon Musk over his late disclosure of a Twitter stake, closing a case that has run for years. US District Judge Sparkle L. Sooknanan entered the consent judgment on Wednesday in Washington, DC, despite what she described as significant misgivings about the deal. […]<br /> This story continues at The Next Web [...]
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SEC lawsuit claims Musk gained over $150 million by delaying Twitter stake disclosure
After a more than two-year investigation, the Securities and Exchange Commission has sued Elon Musk over his delayed disclosure of the Twitter stock he amassed before announcing his intention to acqui [...]
Coinbase says Trump’s SEC has ended its enforcement case against the crypto company
Coinbase says that the SEC has agreed to end an enforcement case that accused it of illegally running an unregistered securities exchange. This could signal a major change in how the US government wil [...]
Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
What you need to know as Elon Musk's lawsuit against Sam Altman begins
In a few short days, jury selection will begin in the long-awaited Musk v. Altman case. At the end of that process, an Oakland federal court will task nine regular people with deciding if OpenAI defra [...]
Judge approves settlement in suit that Tesla's board overpaid themselves
A judge has approved the settlement that finally wraps up a case brought against Tesla by the Police and Fire Retirement System of the City of Detroit. The shareholders argued that Tesla's board [...]
X was spooked enough by new Twitter to change its terms of service
Despite changing its name and using decidedly bird-free branding, X is trying to hold on to its original Twitter trademarks, TechCrunch reports. The xAI-owned social media platform has updated its ter [...]