On May 11 Netflix released the teen dramedy “The Kissing Booth” just as the school year was wrapping up for teens across the country. By June, the company had a smash hit among the tweenage set, and Wattpad, the company which owned the rights to the The Kissing Booth, had its first true breakout vehicle. The […]
View More Startups are giving writers and filmmakers more ways to make it in HollywoodCategory: Securities and Exchange Commission
Diver attacked by Elon Musk as ‘pedo guy’ is prepping a libel suit
A British cave diving expert who helped save the young Thai football team that got trapped in caves this summer is preparing a legal action against Elon Musk for making “false and defamatory statements”, TechCrunch has confirmed. BuzzFeed reported the development earlier, after obtaining a letter sent to Musk’s home on August 6 by a firm […]
View More Diver attacked by Elon Musk as ‘pedo guy’ is prepping a libel suitTesla lost nearly $8 billion in shareholder value this week and its board should be ashamed
Over the last five days, Tesla shareholders watched the value of their stock decline by roughly 16 percent and saw nearly $8 billion in value erased, as the company’s celebrity chief executive, Elon Musk, had what amounts to a very public breakdown. However, Musk is not the only person responsible for the collapse of Tesla’s […]
View More Tesla lost nearly $8 billion in shareholder value this week and its board should be ashamedReports indicate that Tesla has been subpoenaed over Elon Musk’s tweets
The long week for Tesla is getting even longer as the company has now been subpoenaed by the Securities and Exchange Commission, according to multiple reports. First reported by the Fox Business Network and confirmed by The New York Times, federal regulators appear to be interested in Elon Musk’s August 7 tweet regarding his plans for […]
View More Reports indicate that Tesla has been subpoenaed over Elon Musk’s tweetsRapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private drama
If Azealia Banks’ Instagram account is to believed, Elon Musk’s tweets about Tesla’s take-private deal can be chalked up to some good ole acid and a whole lot of post-tweet frantic scrambling. Over a series of Instagram stories from the weekend, Banks (whose account should be taken with an entire salt shaker — more on […]
View More Rapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private dramaWith no white knight in sight, Tesla shares plummet from Musk’s tweet-related highs
Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private. Tesla’s shares have tumbled from their post-tweet highs as investors are now left with the embers […]
View More With no white knight in sight, Tesla shares plummet from Musk’s tweet-related highsThe SEC wants Tesla to explain Elon’s 420 tweet
Elon Musk, billionaire founder of Tesla, startled the Twittersphere yesterday by announcing he wanted to take the company private at the price of $420 per share. While some speculated the tweet was a joke or a marijuana reference, others took to the market. The tweet sent the stock soaring up 11 percent, causing a halt in […]
View More The SEC wants Tesla to explain Elon’s 420 tweetThe FBI, FTC and SEC are joining the Justice Department’s inquiries into Facebook’s Cambridge Analytica disclosures
An alphabet soup of federal agencies are now poring over Facebook’s disclosures and the company’s statements about its response to the improper use of its user information by the political consultancy Cambridge Analytica. The Federal Bureau of Investigation, the Federal Trade Commission and the Securities and Exchange Commission have joined the Justice Department in examining […]
View More The FBI, FTC and SEC are joining the Justice Department’s inquiries into Facebook’s Cambridge Analytica disclosuresWith markets going crypto-crazy, SEC chairman weighs in
Given the crazy run cryptocurrencies like bitcoin, ether and litecoin have been on in the last week, it was only a matter of time before the Securities and Exchange Commission weighed in. Well, now it has in the form of an open letter from SEC Chairman Jay Clayton. Read More
SEC’s new cyber unit takes its first action to halt an initial coin offering ‘scam’
The Securities and Exchange Commission has charged Canadian crypto company PlexCorp with violating securities laws by selling up to $15 million in an initial coin offering (ICO). ICO’s have seen explosive growth over the past year as fledgling companies have used them raise more than $3 billion in capital through various cryptocurrencies. However, experts have warned they can present… Read More
Silicon Valley could be the next hotspot for SEC whistleblowers
In recent years, the SEC has had greater success policing wrongdoing due in large part to the implementation of its whistleblower program. But the whistleblowers’ crosshairs are not limited to Wall Street. Individuals are beginning to come forward in a new sphere of the business world, one with its own reputation of a problematic, win-at-all-cost culture: Silicon Valley. Read More
Coin offerings using celebrity glitter may not be golden, SEC warns
A slew of media stars have hitched their stars to various virtual currencies, lending their social media outreach and luster to projects that have seemed less than golden. Now the SEC is warning celebrities that their endorsements “may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the… Read More