Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court. The SEC has asked […]
View More Elon Musk defends tweets in SEC’s contempt proceedingsCategory: U.S Securities and Exchange Commission
African e-commerce startup Jumia files for IPO on NYSE
Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price, and timeline for public stock sales will be determined over the coming weeks for the Nigeria headquartered company. With a smooth filing process, Jumia will […]
View More African e-commerce startup Jumia files for IPO on NYSEThe $35,000 Tesla Model 3 has arrived — but there’s a cost
The long-awaited $35,000 Tesla Model 3 has finally arrived, three years after CEO Elon Musk promised to bring the electric vehicle to market at that price point. But that cheaper Model 3 comes with a price — or at least a dramatic shift for Tesla. Tesla said that to achieve this lower price it will […]
View More The $35,000 Tesla Model 3 has arrived — but there’s a costHere’s why you’re getting all those sweet Uber and Lyft discounts
In a bid to increase market share, the ride-hailing giants are offering discounts to riders ahead of their IPOs.
View More Here’s why you’re getting all those sweet Uber and Lyft discountsElon Musk has until March 11 to respond to SEC contempt motion
Tesla CEO Elon Musk has until March 11 to explain why he should not be held in contempt for violating a settlement agreement with the U.S. Securities and Exchange Commission. The SEC asked a judge Monday to hold Musk in contempt for violating the settlement agreement reached with the agency last year. Reuters was the […]
View More Elon Musk has until March 11 to respond to SEC contempt motionTwitter co-founder Ev Williams to step down from the company’s board
Ev Wiliams is stepping down from Twitter’s board of directors effective at the end of the month, according to documents submitted to the Securities and Exchange Commission on Friday.
View More Twitter co-founder Ev Williams to step down from the company’s boardInside Tesla’s solar energy astroturfing
Tesla has been masking its lobbying efforts on solar panels and battery storage through the Energy Freedom Coalition of America, a trade association that is little more than a front for the automaker and alternative energy company, public documents suggest. SolarCity, which Tesla bought in 2016, began the practice of using the EFCA to promote […]
View More Inside Tesla’s solar energy astroturfingLyft reportedly plans to debut on Nasdaq next month
Ride-hailing company Lyft plans to file its initial public offering in March, possibly beating rival Uber to the milestone. Two reports, one from Reuters, the other from WSJ, indicate Lyft plans to list its shares on Nasdaq next month. The WSJ, citing unnamed sources, reported Lyft may make the filing public as early as next […]
View More Lyft reportedly plans to debut on Nasdaq next monthSpotify says it paid $340M to buy Gimlet and Anchor
Spotify doubled down on podcasts last week with a double deal to buy podcast networks Gimlet and Anchor. Those acquisitions were initially undisclosed, but Spotify has quietly confirmed that it spent €300 million, just shy of $340 million, to capture the companies. That’s according to an SEC filing — hat tip Recode’s Peter Kafka — which deals the […]
View More Spotify says it paid $340M to buy Gimlet and AnchorAtrium, Justin Kan’s legal tech startup, launches a fintech and blockchain division
Atrium, the legal startup co-founded by Justin Kan of Twitch fame, is jumping into the blockchain space today. The company has raised plenty of money — including $65 million from a16z last September — so rather than an ICO or token sale, this is a consultancy business. Atrium uses machine learning to digitize legal documents and develop applications […]
View More Atrium, Justin Kan’s legal tech startup, launches a fintech and blockchain divisionMeet the tiny startup that helped build Amazon’s Scout robot
When Amazon unveiled a six-wheeled urban delivery robot called Scout a couple of weeks ago, its website was pretty definitive about who was behind it. “These devices were created by Amazon,” the page reads. “We developed Amazon Scout at our research and development lab in Seattle.” But that is only part of the story, TechCrunch […]
View More Meet the tiny startup that helped build Amazon’s Scout robotTrump agrees to reopen the federal government through mid-February
On Friday, President Trump announced his intentions to back off of his demand for border wall funding, allowing the federal government to reopen for three weeks through February 15. The president touted the decision to reopen the government as a deal in spite of his failure to obtain a multi-billion dollar agreement toward a physical […]
View More Trump agrees to reopen the federal government through mid-February