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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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China’s state planning agency seeks to ban bitcoin mining



Cryptocurrency mining added to list of industrial activities Beijing wants to phase out

Related: Bitcoin and cryptocurrencies – what digital money really means for our future

China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

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Chinese firm seeks to sell Grindr dating app over US security concerns



US government panel has informed Beijing Kunlun Tech that its ownership of Grindr constitutes a national security riskChinese gaming company Beijing Kunlun Tech Co Limited is seeking to sell Grindr, the popular gay dating app it has owned since 2016, a…

Police detain 10 teenagers in India for playing banned video game



PlayerUnknown’s Battlegrounds banned in Gujarat to combat spread of ‘violent traits’

Police in the western Indian state of Gujarat detained 10 teenagers for breaking a newly announced ban on playing the online video game PlayerUnknown’s Battlegrounds (PUBG) – the forerunner of global smash Fortnite.

The ban was announced last week by local authorities to combat what they called the spread of “violent traits” in kids playing the game.

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Elon Musk’s security clearance under review by the Pentagon over pot use



The SpaceX founder and Tesla chief executive smoked marijuana on a comedian’s podcast last September, a US official said

SpaceX chief executive and Tesla boss Elon Musk’s security clearance is being reviewed by the Pentagon after the billionaire smoked marijuana on a California comedian’s podcast last September, a US official said on Thursday.

An incident report was started by the Pentagon some time after the marijuana event, according to the official, who spoke on condition of anonymity. The review was first reported by Bloomberg.

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