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US Securities and Exchange Commission

4 Results / Page 1 of 1

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Tech Made Simple

Nvidia pays $5.5 million for Allegedly Hiding how many Gaming GPUs were sold to Crypto Miners

Nvidia will pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission announced the charges and a settlement with the company today. Its order claims Nvidia misled investors by reporting a huge boost in revenue related to “gaming,” hiding how much its success relied on the far more volatile crypto market. Nvidia isn’t admitting to wrongdoing as […]

todayMay 9, 2022

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Tech Made Simple

Twitter’s Board issues “Shareholders Rights Plan” to block Elon Musk’s Attempted Takeover

As The Verge reports, Twitter’s board of directors has issued a new “shareholder rights plan” to block Elon Musk’s proposed buyout offer, a major setback to the billionaire’s efforts to take full financial control of the company. The plan was adopted “following an unsolicited, non-binding proposal to acquire Twitter,” the company’s board of directors noted in a press release announcing the change. According to Bloomberg, this maneuver, known in the finance world […]

todayApril 18, 2022

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Rivian files to go public at up to a reported $80 billion valuation

Buzzy (and extremely well-funded) EV startup Rivian has filed paperwork with the Securities and Exchange Commission to go public. Rivian will be doing a traditional initial public offering, bucking the recent trend of electric vehicles going public by merging with a special purpose acquisition company, or SPAC. The company, which is backed by Amazon and Ford, announced that it submitted a draft registration statement for the IPO in a press release. […]

todaySeptember 1, 2021

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Disney CEO Bob Iger Resigns from Apple’s board

Disney CEO Bob Iger has resigned from Apple’s board, just a couple of months before both companies are set to launch their independent streaming services.  Iger resigned on September 10th, according to a filing from Apple to the US Securities and Exchange Commission. That’s the same day Apple unveiled the launch date and subscription price for Apple TV Plus, which officially made Apple and Disney competitors.   “I have the […]

todaySeptember 17, 2019

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