SEC sues Elon Musk, accusing him of misleading investors when he tweeted that he had funding lined up to take Tesla private; stock drops 11%+
The Securities and Exchange Commission has opened a case against Tesla Inc. Chief Executive Officer Elon Musk, according to a docket entry in Manhattan federal court, Bloomberg News reports.
SEC seeks to bar Elon Musk from serving as an officer or director of a publicly traded company if found guilty; Musk calls SEC action unjustified
- The SEC complaint alleges that Musk issued “false and misleading” statements and failed to properly notify regulators of material company events.
Sources: Musk pulled out of a no-guilt SEC settlement at the last minute that barred him from being Tesla chairman for two years, required two new directors
- Elon Musk backed out of a deal with the Securities and Exchange Commission to settle allegations of fraud over his comments …
Google starts rolling out Wear OS 2.1 with a Google Assistant feed, one-swipe access to Fit, and revamped notifications
A better foundation for future watches — Today, Google will begin rolling out a software update for Wear OS smartwatches. I've been using this new version for about a week …
Julian Assange steps down as editor-in-chief of WikiLeaks but retains publisher title, appoints Icelandic journalist Kristinn Hrafnsson to replace him
Julian Assange has stepped aside as editor-in-chief of WikiLeaks, with the group saying his departure was “due to the extraordinary circumstances” …
Spotify is sending emails to some of its “Premium for Family” account users to prove their home address via GPS data or they may lose access to the plan
Spotify recently sent an email to some of its “Premium for Family” account users in the US that asked them to confirm their home address through GPS data.
AWS rolls out new EC2 high memory instances for in-memory databases like SAP HANA, with 6, 9, and 12 TB memory, plans instances with 18 TB and 24 TB for 2019
Amazon Web Services Inc. today offered some revved-up cloud computing instances aimed at customers running resource-intensive “in-memory” databases such as SAP SE's HANA.
Sources: Slack is actively preparing for an IPO in the first half of 2019, with an expected valuation of more than $7B
Messaging company, recently valued at roughly $7 billion, aims to debut in the first half — Slack Technologies Inc. is actively preparing for an initial public offering …
Appeals court: Apple didn't infringe on University of Wisconsin-Madison's patent; court throws out $234M in damages, makes $272M more in levied fines unlikely
A federal appeals court has ruled in Apple's favor in a patent dispute with the University of Wisconsin-Madison.
Compound, the Coinbase and Andreessen Horowitz funded startup, launches its money market protocol for shorting cryptocurrencies or lending them to earn interest
Think Ethereum and other crypto coins are overvalued? Now you can make money when their prices fall via Compound …
FCC limits the time local authorities get to review 5G applications to 90 days, caps annual fees to $270 per small cell, unless cities can prove higher costs
What Apple Pay Head Jennifer Bailey Learned at Netscape Andrew Orr / The Mac Observer : Ajit Pai Couldn't Care Less About Rural America Marguerite Reardon / CNET : FCC limits fees cities can charge fo...
Study: Facebook lets ads target your account using info given for security purposes, like your phone number, as well as info from your friends' address books
Facebook Is Using Your Private Information … Seamus Bellamy / Boing Boing : Facebook's been caught using their customers' 2FA information to spam them with text ads John Glenday / The Drum : Extent of...
Weaknesses in DEP, Apple's free service for remote enterprise device management, may give attackers access to the network by guessing serial numbers of devices
John Leyden / The Register :
Microsoft will end support for “classic” Skype 7.0 in November, with desktop support ending November 1, mobile and tablets on November 15
Dan Thorp-Lancaster / Windows Central :
Steve Ballmer's USAFacts unveils Voter Center, an online resource showing what positions Congress members take publicly and compares them with government data
Former Microsoft CEO Steve Ballmer's nonprofit group USAFacts today debuted a new Voter Center, an online resource that shows … Tweets: @rmmageddon Tweets: Robert Michael Murray / @rmmageddon : This i...
Swiss-based Seba has secured ~$104M in funding, dependent on being granted a banking license from Finma, to create a cryptocurrency-focused regulated bank
Nour Al Ali / Bloomberg :
Coinbase adds Coinbase Bundle, a new offering that lets users buy a market-weighted sampling of its 5 available cryptocurrencies, for as little as $25
Taylor Hatmaker / TechCrunch :
Unnamed Australian teenager sentenced to eight months probation for breaching Apple's systems; investigators recovered 1TB of sensitive info copied from Apple
David Stringer / Bloomberg :
Google says it will now include creator and credit metadata in photos it displays on Google Images and will add copyright notice metadata in the coming weeks
Paul Sawers / VentureBeat :
Robotic process automation startup Softomotive, which has more than 7,000 clients including Intel and IBM, raises $25M Series A, announces HQ move to London
Robotic process automation, or RPA as it is usually abbreviated, isn't the sexiest sounding term to emerge from the technology industry …
Didi Chuxing launches a taxi-hailing service in Osaka, Japan that links passengers with drivers from 10 local taxi companies
Jon Russell / TechCrunch :
Butterfly, maker of ultrasound-on-a-chip device iQ that produces clinical-quality images uploaded to the cloud via iPhone, raises $250M at a $1.25B valuation
Kyle Wiggers / VentureBeat :
Crypto mining company Bitmain files for Hong Kong IPO; draft filing shows $2.8B in revenue as of June 30 and $422.05M raised in funding round that ended Aug. 7
per new @Globalcoinrsrch story — that's a big drop from Q1's $1.1B profit on $2B in revenue and doesn't exactly give momentum for IPO https://techcrunch.com/... Francis Pouliot / @francispouliot_ : Di...
Alphabet's Chronicle launches VirusTotal Enterprise, a business version of its free offering that, it says, increases malware search speed by 100x
Abner Li / 9to5Google :
Sources: media startup Tech In Asia, which runs a blog and events business in Southeast Asia, laid off a third of its staff in July after canceling planned ICO
in the end it canceled those plans, made layoffs to streamline costs and launched a subscription business. Media is a tough business. https://techcrunch.com/... Jon Russell / @jonrussell : Tech In Asi...
SoftBank's Vision Fund has already committed $65B; Masayoshi Son says that he plans to raise a new $100B fund every two or three years and spend ~$50B per year
Masayoshi Son http://www.bloomberg.com/... Sarah G McBride / @mcbridesg : Ask SoftBank billionaire Masa re his $117mn house and he will parry w/ his Uniqlo attire. W @Selina_y_wang @pelstrom http://ww...
The Infatuation, a restaurant discovery platform which bought Zagat from Google, raises $30M from Jeffrey Katzenberg's WndrCo
Kate Clark / TechCrunch :
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Zoho CRM Plus in 2025: A year of thoughtful CX improvements
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