Normální zobrazení
- Massively Overpowered
-
Roblox Q2 2024: Revenue rises, CFO steps down
It’s time for a fresh quarterly report, and this time it’s coming out of Roblox, which saw its second quarter earnings for 2024 rise across the metrics that ravenous investors care about while the company’s long time CFO Michael Guthrie will be stepping down. According to the report, revenue rose by 31 percent YoY by […]
- Ars Technica - All content
-
Musk can’t avoid testifying in SEC probe of Twitter buyout by playing victim
Enlarge (credit: Apu Gomes / Stringer | Getty Images News) After months of loudly protesting a subpoena, Elon Musk has once again agreed to testify in the US Securities and Exchange Commission's investigation into his acquisition of Twitter (now called X). Musk tried to avoid testifying by arguing that the SEC had deposed him twice before, telling a US district court in California that the most recent subpoena was "the latest in a long string of SEC abuses of its investigativ
Musk can’t avoid testifying in SEC probe of Twitter buyout by playing victim
After months of loudly protesting a subpoena, Elon Musk has once again agreed to testify in the US Securities and Exchange Commission's investigation into his acquisition of Twitter (now called X).
Musk tried to avoid testifying by arguing that the SEC had deposed him twice before, telling a US district court in California that the most recent subpoena was "the latest in a long string of SEC abuses of its investigative authority.”
But the court did not agree that Musk testifying three times in the SEC probe was either "abuse" or "overly burdensome." Especially since the SEC has said it's seeking a follow-up deposition after receiving "thousands of new documents" from Musk and third parties over the past year since his last depositions. And according to an order requiring Musk and the SEC to agree on a deposition date from US district judge Jacqueline Scott Corley, "Musk’s lament does not come close to meeting his burden of proving 'the subpoena was issued in bad faith or for an improper purpose.'"
- Ars Technica - All content
-
Elon Musk’s X can’t invent its own copyright law, judge says
Enlarge (credit: Apu Gomes / Stringer | Getty Images News) A US district judge William Alsup has dismissed Elon Musk's X Corp's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X (formerly Twitter) systems and violating both X terms and state laws when scraping and selling data. X sued Bright Data to stop the company from scraping and selling X data to academic institutes and businesses, including Fortune 500 companies. According to Alsup,
Elon Musk’s X can’t invent its own copyright law, judge says
A US district judge William Alsup has dismissed Elon Musk's X Corp's lawsuit against Bright Data, a data-scraping company accused of improperly accessing X (formerly Twitter) systems and violating both X terms and state laws when scraping and selling data.
X sued Bright Data to stop the company from scraping and selling X data to academic institutes and businesses, including Fortune 500 companies.
According to Alsup, X failed to state a claim while arguing that companies like Bright Data should have to pay X to access public data posted by X users.