Coinbase says it is working with the US SEC to close an investigation into whether it misstated its numbers by noting 100M+ “verified users” in its 2021 IPO doc
After he took office, the SEC dropped a lawsuit accusing Coinbase of illegally marketing crypto to the public. — But the SEC is still investigating whether Coinbase misstated its user numbers, accor...
SpaceX, which has 250K Starlink clients in Brazil, told Brazil's telecom agency it would not comply with orders to block X until its frozen assets were released
Starlink refuses to comply Jim Hᴏft / The Gateway Pundit : X/Twitter Exposes Brazil Supreme Court Justice Alexandre de Moraes' Crimes, Human Rights Violations, and the Dark Truth Behind Social Media B...
Filing: Clearview AI proposes settling a class action lawsuit by collectively giving a 23% stake, worth ~$52M, to Americans whose faces are in its database
https://arstechnica.com/... h/t @Nonya_Bidniss Evan Greer / @evangreer@mastodon.online : I spoke with the NYT about why giving people harmed a stake in Clearview AI is not a solution. — #FacialReco...
Filing: Reddit says Nokia on March 18 accused the company of infringing some of its patents, and is evaluating Nokia's claims ahead of its planned IPO this week
Nokia Technologies, the company's licensing business, sent Reddit a letter on Monday with the claims, and Reddit is evaluating them, according to a filing made Tuesday.
Republican AGs from 16 states write to the SEC over concerns about Shein filing for a US IPO and urge the agency to order an investigation on using forced labor
A group of state attorneys general urged the S.E.C. to make the fast fashion company prove it doesn't use forced labor if it files to go public.
Coinbase plans to try a novel defense against a potential US SEC enforcement action by arguing the regulator bears some responsibility for approving its IPO
Dave Michaels / Wall Street Journal :
Doc: a shareholders' agreement from Elon Musk for Twitter investors gives him “sole discretion” on an IPO decision, “exclusive authority” on board changes, more
The Information :
The FTC files to block Meta's acquisition of VR company Within, saying Meta “chose to buy” instead of compete, the first antitrust lawsuit filed under Lina Khan
Welcome to BIG, a newsletter on the politics of monopoly power. Lauren Feiner / CNBC : Facebook lawsuit delivers on FTC chair Lina Khan's progressive agenda Josh Sisco / Politico : Antitrust agency ta...
Lyft reaches a $25M settlement to resolve shareholder claims that it concealed safety problems, including sexual assault by drivers, before its March 2019 IPO
Uber's IPO prospectus says 60,000+ US drivers have filed arbitration suits, which legal experts say will take decades to resolve and cost Uber $600M+
Joel Rosenblatt / Bloomberg : Tweets: @business and @ekp Tweets: @business : For Uber, using legal arbitration to deal with driver compensation complaints seemed like the smart play. That may have be...