Tag: SEC

Twitter is slowly perfecting the art of inventing nonsensical performance metrics

In its latest effort to innovate around its business model of opacity, Twitter officially today unveiled its latest self-invented metric, dubbed “monetizable daily active usage.” Naturally, this being Twitter, the company decided to retire the more standard Monthy Active User metric during a quarter in which it announced MAUs were actually good, MAUs rose to […]

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Uber’s 250 autonomous cars have driven ‘millions’ of miles and transported ‘tens of thousands’ of passengers

Hot on the heels of Lyft’s public market debut, Uber filed its S-1 today with the U.S. Securities and Exchange Commission, setting the stage for its initial public offering next month. It’s chock full of interesting tidbits (like Uber’s ticker symbol, “UBER”), but one section that stands out is a progress report on its ongoing […]

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Judge Delivers Musk, SEC an Ultimatum

<img data-attachment-id="1217129" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-e1527713383365.jpg" data-orig-size="610,406" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Elon Musk + Tesla Model S Circa 2011" data-image-description=" Elon Musk + Tesla Model S Circa 2011 ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-450×299.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-610×406.jpg” class=”aligncenter wp-image-1217129 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-610×406.jpg” alt=”Elon Musk + Tesla Model S Circa 2011″ width=”610″ height=”406″> Treating Tesla CEO Elon Musk and the U.S. Securities and Exchange Commission like a […]

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AI Weekly: Google’s ethics council barely lasted a week, but there’s a thin silver lining

Google disbanded its external AI ethics board on Thursday, only 10 days after it was formed to advise the Alphabet company about potential issues with AI models. Critics of the Advanced Technology External Advisory Committee (ATEAC) seemed to primarily oppose Heritage Foundation president Kay Cole James, who Google employees say voiced anti-immigrant, anti-gay, and anti-transgender […]

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Musk-SEC Battle Rages On; Regulator Claims Tesla CEO’s Twitter Account Is Still the Wild West

<img data-attachment-id="1217129" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-e1527713383365.jpg" data-orig-size="610,406" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="Elon Musk + Tesla Model S Circa 2011" data-image-description=" Elon Musk + Tesla Model S Circa 2011 ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-450×299.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-610×406.jpg” class=”aligncenter wp-image-1217129 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/11/Elon-Musk-Tesla-Model-S-Circa-2011-610×406.jpg” alt=”Elon Musk + Tesla Model S Circa 2011″ width=”610″ height=”406″> There’s no shortage of distractions coming out of Tesla to take the focus away […]

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More Legal Trouble for Volkswagen, Former CEO

<img data-attachment-id="1178242" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine.jpg" data-orig-size="1024,637" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0"}" data-image-title="tdiengine" data-image-description=" tdiengine (public) TTAC ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-450×280.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-610×379.jpg” class=”aligncenter wp-image-1178242 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-610×379.jpg” alt=”tdiengine” width=”610″ height=”379″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-610×379.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-75×47.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-450×280.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine-120×75.jpg 120w, https://www.thetruthaboutcars.com/wp-content/uploads/2015/09/tdiengine.jpg 1024w” sizes=”(max-width: 610px) 100vw, 610px”> While three and a half years have passed since the Volkswagen diesel scandal broke, its reverberations are still being […]

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Rare Rides: The Mercedes-Benz SEC AMG of 1986

What happens when a tuning company takes an already luxurious coupe and adds more of everything? The answer is this Mercedes-Benz SEC AMG from 1986. The now-legendary W126 sedan debuted in late 1979, a successor to the company’s flagship W116 platform. A year later, the S-Class range expanded to include a hardtop coupe. Unlike its sedan […]

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Nissan says co-operating with SEC inquiry after report of probe on executive pay

FILE PHOTO: The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Nissan Motor Co said on Monday that it was co-operating with an inquiry by the U.S. Securities and Exchange Commission (SEC) after a report said the regulator was investigating the […]

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SEC probes Nissan over U.S. executive pay: Bloomberg

FILE PHOTO: The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon (Reuters) – Nissan Motor Co is facing an investigation by the Securities and Exchange Commission (SEC) if the automaker accurately disclosed its executive pay in the United States, Bloomberg reported, citing sources. The […]

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With Settlement Approved, Elon Musk Has 45 Days to Vacate the Chairman’s Seat

Tesla CEO Elon Musk will soon be gone as company’s chairman, but a replacement — someone who’ll need to occupy the position for three years — has yet to be named. The hourglass was flipped after U.S. District Judge Alison Nathan approved a settlement between Musk and his company and the U.S. Securities and Exchange Commission Tuesday. Musk […]

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SEC Brushes Off Elon Musk’s Tweet, Signs Off on Original Settlement

Tesla CEO Elon Musk’s brilliant idea to call the Securities and Exchange Commission the “Shortseller Enrichment Commission” in a recent tweet did not land the impulsive executive in any additional hot water. The SEC, which decided that removing Musk from the chairman’s position and fining both him and the company $20 million was sufficient punishment […]

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Facepalms Reverberate Across America As Musk Mocks the Regulator That Has Him Over a Barrel

Tesla CEO Elon Musk loves railing against shortsellers to the same degree that normal, regular people enjoy eating and breathing. As his company’s stock continues a downward slide initiated and perpetuated by Musk’s completely avoidable antics, the CEO decided that mocking a securities regulator and endangering a settlement reached on Saturday was a good and […]

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As Tesla Board Circles the Wagons, Report Claims Musk Backed Out of SEC Settlement

Yesterday’s end-of-day fraud lawsuit filed against Tesla CEO Elon Musk by the Securities and Exchange Commission needn’t have happened, CNBC reports. The CEO and founder turned down a settlement deal that would have seen him pay a “nominal” fine and remove himself as chairman, sources claim. Instead, Musk did what he does best. He went […]

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The S.E.C. Wants To Remove Elon Musk As Head Of Tesla Over A Tweet He Recently Posted

Getty Image Elon Musk may be the latest person to learn that you should never tweet. The South African entrepreneur may be in legal trouble over a social media post, the latest skirmish in what’s been a weird year for the Tesla and SpaceX founder. The Securities and Exchange Commission announced on Thursday that it’s […]

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Forget the British Diver, Here’s Real Trouble – SEC Hits Elon Musk With Fraud Suit

Documents filed in a Manhattan federal court Thursday reveal the U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk for fraud. The SEC opened an investigation into Musk after the CEO fatefully tweeted his intent to take the company private. “Funding secured,” Musk wrote in the August 7th tweet. The go-private plan quickly […]

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Elon Musk announces Tesla will remain a public company, officially ending this episode of Punk’d

We may never know for sure if Elon Musk’s quixotic attempt to take Tesla private was more than a half-baked tweet. But the latest Tesla soap opera appears to be over as the company has officially announced it will remain public. Of course, whether that ends the reported securities investigations into Musk’s actions remains to […]

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