On Thursday we learned Lyft filed papers for an initial public offering set to take place in 2019, and Friday evening some "people familiar with its plans" said the same to the Wall Street Journal about ride-hailing rival Uber. According to the New Y...
Just like Lyft, Uber has confidentially filed for its IPO
On Thursday we learned Lyft filed papers for an initial public offering set to take place in 2019, and Friday evening some "people familiar with its plans" said the same to the Wall Street Journal about ride-hailing rival Uber. According to the New Y...
Lyft is smaller than Uber, but it might just one-up its rival on the stock market and provide some fiercer competition. Wall Street Journal sources have learned that Lyft has filed documents with the SEC for its expected initial public stock offerin...
Last year the SEC issued a warning to celebrities promoting Bitcoin and other cryptocurrency offerings, saying they "must disclose the nature, scope, and amount of compensation received in exchange for the promotion." That warning carried a bit more...
The U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have subpoenaed Snap Inc. requesting information about its March 2017 initial public offering. In a statement to Reuters, Snap said it has responded to a government...
The investigation into Tesla's Model 3 production forecasts appears to be intensifying. Tesla has confirmed receiving an SEC subpoena requesting data for "certain projections" the automaker made for Model 3 manufacturing in 2017, as well as addition...
Yahoo will have to cough up $50 million in damages as part of a settlement following massive data breaches that took place in 2013 and 2014. The first breach affected three billion accounts, while the second affected 500 million accounts -- neither w...
Today, as first reported by Bloomberg, a judge has approved Elon Musk's settlement with the SEC over his tweets about taking Tesla private. Hopefully, this means that Tesla can move on and focus on its business, rather than its CEO's Twitter account....
This week, Uber sent a letter to the Securities and Exchanges Commission requesting that the organization change its rules and allow it to grant company stock to its drivers. The letter was obtained by Axios. While Uber has been interested in this su...
Just days after announcing a settlement with the SEC that would cost him $20 million and his spot as chairman of the board, this afternoon Elon Musk tweeted "Just want to that the Shortseller Enrichment Commission is doing incredible work. And the na...
Elon Musk's SEC drama is over almost as soon as it begun -- the entrepreneur has settled with the SEC over the securities fraud charge for his tweets about taking Tesla private. He'll get to keep the CEO position, but he'll have to step down as Chai...