Wed. 01/15 – SEC Sues Elon Musk

Techmeme Ride Home

Brian McCullough

News, Technology, Daily News, Tech News

4.7 • 984 Ratings

🗓️ 15 January 2025

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The SEC is suing Elon Musk. Big AI insertions in Microsoft Copilot, Google Workspace and even LinkedIn. How TikTok plans to handle the immediate aftermath of a shutdown. Another new Instagram alternative. And have your AirPods been misbehaving? Here’s what Apple did without telling anyone.

Sponsors:

Shopify.com/ride

Links:

Musk Accused by SEC of Cheating Twitter Investors Out of Millions (Bloomberg)
Microsoft relaunches Copilot for business with free AI chat and pay-as-you-go agents (The Verge)
Google Workspace business users getting full Gemini experience, price increasing (9to5Google)
LinkedIn adds free AI tools for job hunters and recruiters (TechCrunch)
TikTok Prepares for Immediate Shut-Off in the U.S. on Sunday (The Information)
Decentralized Instagram alternative Pixelfed launches mobile apps (TechCrunch)
Apple starts pushing AirPods Pro 2 and AirPods 4 owners into Transparency or Noise Cancellation modes repeatedly, without an easy opt out (Key Discussions)

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to the TechMeme right home for Wednesday, January 15th, 2025. I'm Brian McCullough today.
0:08.9	The SEC is suing Elon Musk, big AI insertions in Microsoft co-pilot, Google Workspace, and even LinkedIn,
0:15.8	how TikTok plans to handle the immediate aftermath of a shutdown, another new Instagram alternative,
0:21.2	and have your AirPods been misbehaving? Here's what Apple did without telling anyone. Here's what you
0:26.5	miss today in the world of tech.
0:33.3	The Securities and Exchange Commission has sued Elon Musk, claiming he failed to disclose a major purchase of Twitter shares in a timely manner ahead of his takeover of the social media platform in 2022, quoting Bloomberg.
0:46.3	The agency's complaint, which was immediately disputed by a lawyer for Musk, accuses the billionaire of failing to promptly report that he had amassed more
0:54.8	than 5% of the social media platform stock in early 2022, a revelation that would have sent the stock's
1:00.1	price up. Because Musk failed to timely disclose his beneficial ownership, he was able to make
1:06.1	these purchases from the unsuspecting public at artificially low prices, the regulator said,
1:12.1	in its civil suit filed in federal court in Washington, D.C. Investors who sold Twitter common stock during this period
1:17.4	did so at artificially low prices and thus suffered substantial economic harm, end quote.
1:23.0	Alex Spiro, a lawyer for Musk, said the action is, quote, an admission that the SEC cannot bring in,
1:29.2	quote, actual case because Musk, quote, has done nothing wrong and everyone sees this sham for what it is.
1:35.4	The regulator has been probing Musk's investment in Twitter since 2022, pressing him to explain why
1:40.2	he hadn't disclosed his stake within the correct timeline.
1:43.2	SEC attorneys in December asked Musk to pay more than $200 million to settle the allegations
1:47.6	that he failed to properly disclose his Twitter investment, according to a letter by his lawyers
1:52.0	sent to the agency last month and reviewed by Bloomberg News.
1:55.6	In the letter, Spyro said the SEC is seeking the relief, but isn't accusing Musk of acting
2:00.7	willfully or with the
2:01.9	intent to mislead investors. By March 2022, Musk had acquired beneficial ownership of more than
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Brian McCullough, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian McCullough and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.