[ad_1] Tesla’s stock tumbled Friday morning after the SEC sued Elon Musk for misleading investors. Musk tweeted on August 7 that he had secured funding to take Tesla private at $420 a share. Typically, stocks match takeover prices that a company publicizes. Investors assume the deal will be completed and the company will eventually be…
[ad_1] Elon Musk has tweeted himself into serious trouble. The Securities and Exchange Commission sued Tesla’s CEO on Thursday for making “false and misleading” statements to investors. It’s asking a federal judge to prevent Musk from serving as an officer or a director of a public company, among other penalties. The complaint hinges on a…
[ad_1] Analysts are telling Tesla investors to brace themselves. “If you buy or own Tesla stock, be prepared for a wild ride,” Autotrader analyst Michelle Krebs told CNNMoney. The Securities and Exchange Commission sued Elon Musk on Thursday for making “false and misleading” statements to investors in an August 7 tweet that said he had…
[ad_1] BlackBerry’s transformation from struggling smartphone company into a burgeoning leader in cybersecurity software and connected cars is on track. The company now generates more than 90% of its total revenue from software and services. And 81% of those sales are recurring. In other words, BlackBerry is no longer subject to the fickle tastes of…
[ad_1] Can Tesla navigate through its many controversies and still meet its sales targets? We’re about to find out. Early next week Tesla will report how many cars it made in the third quarter and how many it was actually able to deliver to customers. Three months ago, investors and Tesla fans waited to see…
[ad_1] An attack on Facebook exposed information on nearly 50 million of the social network’s users, the company announced Friday — and gave the attackers access to those users’ accounts with other sites and apps that they logged into using Facebook. The attackers exploited a bug in a feature called “View as” that lets users…
[ad_1] Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Under the settlement, which requires court approval, Musk will be allowed to stay as CEO but must leave his role as chairman…
[ad_1] New York CNN Business — Instagram has a new leader. On Monday, the company announced that Adam Mosseri will head Instagram effective immediately. Last week, Instagram founders Kevin Systrom and Mike Krieger announced they would leave the company. “We are thrilled to hand over the reins to a product leader with a strong design…
[ad_1] New York CNN Business — A massive Facebook breach may also have affected users of hundreds of other websites and apps. But three days after the public disclosure of the breach, it’s not clear that those companies know what, if anything, might have happened to their users. A spokesperson for the dating app Tinder…
[ad_1] CNN — Uber has a new head of human resources. Her hire comes nearly three months after the controversial exit of the previous HR chief. Nikki Krishnamurthy will replace Liane Hornsey, who left Uber in early July after an internal investigation into how she handled racial discrimination claims within the company, the company announced…
