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Author: Reuters

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Tesla’s Elon Musk reaches deal with SEC over Twitter use

The SEC sued Musk last year after he tweeted that he would take Tesla private, which the agency said violated securities laws

Elon Musk, Tesla’s CEO, has reached a deal with the US Securities and Exchange Commission to settle a dispute over his use of Twitter, according to a court filing on Friday.

Musk has agreed to submit public statements about the company’s finances to vetting by its legal counsel, the filing said.

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Canada says Facebook broke privacy laws and ‘refused to act responsibly’

Top watchdog promises to force change following Cambridge Analytica scandal as New York announces new investigation

Facebook broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog in the country said on Thursday, pledging to seek a court order to force the social media company to change its practices.

Canada’s privacy commissioner, Daniel Therrien, made his comments while releasing the results of an investigation, opened a year ago, into a data sharing scandal involving Facebook and the now-defunct British political consulting firm Cambridge Analytica.

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Pinterest’s IPO sets company value at $12.7bn amid flurry of tech debuts

The valuation is a sign of strength for the tech IPO market after ride-hailing start-up Lyft’s struggles

Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7bn on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles.

Pinterest, where users save ideas for clothes, décor and recipes, is due to start trading on the New York Stock Exchange on Thursday. Its performance will be a key test of the tech IPO market after the Nasdaq debut of ride-hailing start-up Lyft at the end of last month.

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Facebook spent $22.6m to keep Mark Zuckerberg safe last year

Security costs for the tech billionaire and his family more than doubled last year, as an outcry over Facebook’s practices grew

Facebook more than doubled the money it spent on top executive Mark Zuckerberg’s security in 2018 to $22.6m, a regulatory filing has showed.

Zuckerberg drew a base salary of $1 for the past three years, and his “other” compensation was listed at $22.6m, most of which was for his personal security.

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