Shares of Meta Platforms slid nearly 6% in the week following Zuckerberg’s Jan. 7 announcement that he was ending the company’s internal fact-checking program and replacing it with a user-based system to flag problematic content.
T he social network Bluesky has been growing at a rapid rate ever since the 2024 US presidential election concluded. The site has added over 12 million users since the November el
Mozi co-founders Ev Williams, left, and Molly DeWolf Swenson. (Margo Moritz Photo) Bucking the conventional wisdom around most new products, Molly DeWolf
Elon Musk was sued on Tuesday by the U.S. Securities and Exchange Commission, which accused the world's richest person of waiting too long to disclose in 2022 he had amassed a large stake in Twitter,
The SEC has sued billionaire X owner Elon Musk, alleging he failed to disclose his ownership of Twitter stock in a timely manner in 2022.
The U.S. Securities and Exchange Commission is suing Elon Musk for allegedly failing to properly disclose his purchase of Twitter shares before buying the company, currently known as X.
Musk bought Twitter shares at 'artificially low prices' and saved $150 million because he reported his Twitter stake late, the SEC alleges.
The financial regulator wants Musk to pay a civil penalty and remedies over alleged “unjust enrichment” ahead of his 2022 purchase of the social network.
The lawsuit accused Musk of misleading shareholders by not reporting his 2022 investment in the social-media company in a timely manner.
The SEC alleges Musk failed to disclose his ownership of Twitter stock before buying the social media site in 2022.
The SEC alleges Elon Musk violated federal securities law by failing to disclose his more than 5% stake in Twitter on time.