Category: U.S. Securities and Exchange Commission
The Station: Audi punts on Level 3, Lyft layoffs and Nio’s $1 billion deal
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi readers. Welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I’m your host Kirsten Korosec,…
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Tesla shares fall on Elon Musk “stock price too high” tweet
Tesla CEO Elon Musk tweeted Friday that the company’s stock price was “too high” in his opinion, immediately sending shares into a free fall and in possible violation of an agreement reached with the U.S. Securities and Exchange Commission last year. Tesla shares fell nearly 12% in the half hour…
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LabCorp slapped with shareholder suit over data breaches
A LabCorp shareholder has filed a lawsuit against the laboratory giant, accusing its board of concealing details of two data breaches that affected millions of patients. The derivative suit, filed on Tuesday by shareholder Raymond Eugenio, targets the company’s leadership and board members, including its chief executive, Adam Schechter. The first…
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Ben Horowitz, a16z general partner, is leaving Lyft’s board
Ben Horowitz, the co-founder and general partner of venture capital firm Andreessen Horowitz, won’t seek re-election to Lyft’s board, according to a document filed with the U.S. Securities and Exchange Commission on Monday. Horowitz has served as a board director at the ride-hailing company since June 2016. His venture firm,…
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Telegram hits 400 million monthly active users
Instant messaging service Telegram has amassed 400 million monthly active users, it said today, up from 300 million active users the seven-year-old service disclosed to the SEC last October. The service — founded by Pavel Durov, who also created Russian social networking site VK — said it adds about 1.5…
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Self-driving car engineer Anthony Levandowski files motion to force Uber into arbitration
Anthony Levandowski, the star self-driving car engineer who was at the center of a trade secrets lawsuit, has filed a motion to compel Uber into arbitration in the hopes that his former employee will have to shoulder the cost of at least part of the $179 million judgment against him.…
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