 Technology |
Technology |
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Federal agency seeks to compel Musk testimony
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The Securities and Exchange Commission (SEC) sued Musk to speak about his purchase of the platform now known as X. |
The SEC alleged Musk failed to comply with a subpoena as part of its investigation in the billionaire's purchase of Twitter last year. "The SEC has followed all appropriate administrative steps required in seeking Musk's testimony," the SEC wrote in a filing. "In the face of Musk's blatant refusal to comply with the SEC's subpoena, the SEC now asks the Court to intervene and compel Musk's compliance," the SEC wrote in a filing. The Hill reached out to an X spokesperson for comment. The SEC began investigating Musk's purchase of Twitter in April 2022. The agency was looking into whether he or anyone else violated federal securities laws in connection to Musk's purchase of Twitter. The SEC said it served Musk with a subpoena to testify in June and a month later he appeared for two half-day sessions by video conference. However, since Musk testified, the SEC has received "thousands of new documents," including "hundreds of new documents produced by Musk," according to the lawsuit. Despite repeated subpoenas and requests from the SEC since May, Musk has refused to testify, the SEC alleged. Read a full report at TheHill.com. |
Welcome to The Hill's Technology newsletter, we're Rebecca Klar and Julia Shapero — tracking the latest moves from Capitol Hill to Silicon Valley. |
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How policy will be impacting the tech sector now and in the future: |
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Federal Trade Commission Chairwoman Lina Khan and Department of Justice assistant attorney general for the antitrust division Jonathan Kanter defended a crackdown on federal antitrust enforcement while speaking on a Thursday panel. The top federal antitrust enforcers have been active in bringing cases both against proposed mergers, as well as ones against existing industry giants, including against dominant tech companies. … |
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| The Anti-Defamation League (ADL) signaled a truce Wednesday in its recent feud with X owner Elon Musk, saying it would resume advertising on the social media platform formerly known as Twitter. “We appreciate X's stated intent over the last few weeks to address antisemitism and hate on the platform," the ADL said in a statement. "This has been useful; more needs to be done; and, as we have with other companies, … |
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Technology surveillance companies that market themselves to schools as ways for educators to ensure student safety are creating a “digital dystopia” that harms children’s trust and mental health, according to a new report from the American Civil Liberties Union (ACLU). The $3.1 billion industry has marketed tools to track students' online activities, facial recognition, cameras and more as ways to prevent … |
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News we've flagged from the intersection of tech and other topics: |
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UN, Netherlands launch AI project |
The United Nations and the Netherlands are teaming up on a project to provide recommendations for European countries on how to govern artificial intelligence (AI), Reuters reports. |
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Lawsuit accuses PayPal of stifling competition |
PayPal is facing a class-action lawsuit over allegations that it stifles competition from other payment platforms, like Stripe and Shopify, Tech Crunch reports. |
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Branch out with other reads on The Hill: |
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Deepfakes generated by artificial intelligence are having their moment this year, at least when it comes to making it look, or sound, like celebrities did something uncanny. Tom Hanks hawking a dental plan. Pope Francis wearing a stylish puffer jacket. U.S. Sen. Rand Paul sitting on the Capitol steps … |
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Two key stories on The Hill right now: |
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President Biden on Thursday defended plans for his administration to add to the wall along the U.S.-Mexico border while insisting that the wall is … Read more |
| Republican senators are shocked and unnerved by the sudden collapse of Speaker Kevin McCarthy's (R-Calif.) career in leadership and fear the turmoil … Read more |
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Opinions related to tech submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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