The trial over Tesla CEO Elon Musk’s 2018 “funding secured” tweet kicked off in San Francisco on Wednesday with lawyers sparring over whether Musk simply misspoke or committed securities fraud when announcing that he was considering taking Tesla private for $420 a share. In their opening arguments, Musk’s lawyer conceded that the billionaire entrepreneur’s August 2018 tweet was inaccurate but...
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Pro Weekly: Readers Temper Their Optimism About Tech
Readers of The Information are feeling the back-to-school blues. In our latest monthly survey, around 30% of the 680 respondents said they anticipate conditions for technology companies will improve in the next six months, roughly the same as the percentage of people who think conditions will worsen. The rest don’t think much will change. It's the first time sentiment has weakened in six...
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