TNB Tech Minute: Elon Musk Likely Has to Cooperate With SEC Probe, Judge Says
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 14 December 2023
⏱️ 2 minutes
🧾️ Download transcript
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Transcript
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| 0:15.0 | Here's your TMB Tech Minute for Thursday, December 14th. |
| 0:20.0 | I'm Alex Oscela for the Wall Street Journal. |
| 0:23.0 | A federal judge has said she would probably order Elon Musk to cooperate with the Securities and Exchange Commission investigation related to his 2022 takeover of Twitter. |
| 0:33.0 | The SEC's probe looks at whether Musk committed civil fraud |
| 0:37.0 | by omitting information about his plans for Twitter |
| 0:39.0 | when he bought up the company's shares between January and April 2022. |
| 0:43.8 | That's according to recent court filings. |
| 0:46.2 | Musk is contesting the SEC's ability to continue asking him for information |
| 0:50.1 | about Twitter, which he has since renamed X. |
| 0:53.6 | GM's self-driving car company Cruz has laid off nearly a quarter of its workforce. |
| 0:58.9 | The layoffs span 900 workers, or 24% of its full-time employees in commercial operations and related corporate roles, |
| 1:06.0 | Cruz said. |
| 1:07.0 | The company's business has struggled since an October crash. |
| 1:11.0 | Cruz lost its driverless permits in California and subsequently paused operations |
| 1:15.1 | nationwide. And Meta has launched threads in Europe its biggest market |
... |
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