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Musk Settles With SEC, Relinquishes Chairmanship

As predicted, lawyers for Tesla CEO Elon Musk brought him to his senses, and he settled a lawsuit brought by the SEC for Musk’s tweets last month concerning possibly taking Tesla private. The apparent price he paid for not settling with the commission before it publicly filed suit on Thursday: an extra year of not being eligible to be chairman of the board of Tesla, and an extra $10 million...

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DoorDash, Airbnb Face Wary Investors in Plans to Go Public

Casper Sleep’s nightmare of a public market debut earlier this month has demonstrated that investor skepticism toward money-losing tech companies persisted into 2020. And that raises questions for several high-profile tech names contemplating going public this year, including two of the most highly valued, Airbnb and DoorDash.

Unless they can demonstrate a reversal of 2019 trends and turn ...

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