Tag Archives: refiles

(Bloomberg) — Elon Musk refiled the disclosure of his stake in Twitter Inc. to classify himself as an active investor, making the change after taking a seat on the social media company’s board. Most Read from Bloomberg Musk, a billionaire who is chief executive officer of Tesla Inc., filed a form 13D with the U.S. Securities and Exchange Commission on Tuesday, disclosing a stake of 9.1%. The new filing indicates that Musk plans to take an active role in shaping Twitter’s agenda. The form… Source link

The logo for Facebook appears on screens at the Nasdaq MarketSite in New York’s Times Square. (AP Photo/Richard Drew, File) The Federal Trade Commission (FTC) has refiled a claim in federal court alleging that Facebook (FB) is breaking antitrust laws, buy running an illegal “buy-or-bury” scheme. “Facebook has maintained its monopoly position in significant part by pursuing CEO Mark Zuckerberg’s strategy, expressed in 2008: ‘it is better to buy than compete,'” the agency wrote in its Source link