Category: sec
Nikola founder resigns following SEC probe into electric truck business
Following a fraud accusation by a short firm and potential probe by the US Securities Exchange Commission (SEC), Nikola founder Trevor Milton is stepping down as executive chairman. “Nikola is truly in my blood and always will be, and the focus shoul… Source
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Telegram to pay $18.5 million and return $1.2 billion following SEC crypto charges
Telegram’s initial bid to launch its “Gram” cryptocurrency has failed. The US Securities and Exchange Commission (SEC) announced today that in order to resolve charges of violating federal securities laws, it has ordered Telegram to return more than… Source
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Sonos will lay off 12 percent of its workforce due to COVID-19
Sonos is the latest company to announce layoffs due to the COVID-19 pandemic. It plans to eliminate 12 percent of its global headcount and close its New York retail store and six satellite offices. The company outlined these plans in a filing with th… Source
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Uber will lay off 3,700 full-time employees
Uber plans to lay off 3,700 full-time employees, it revealed in a filing with the Securities Exchange Commission today. That represents about 14 percent of its 26,900 employees, CNBC notes.“Due to lower trip volumes in its Rides segment and the Compa… Source
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