Tag: Exchange Commission
Is Crypto Dead? – The Atlantic
Last week, the Securities and Exchange Commission filed 13 charges against Binance, the world’s largest crypto exchange, accusing it of mishandling customer funds and a litany of other white-collar crimes. It also charged Coinbase, a public company and the biggest U.S. crypto business, with failing to register as a broker-dealer.
The government actions did not move the price of bitcoin much, nor did they crater Coinbase stock; traders and investors had been expecting the enforcement actions for months.
The Tech Industry Is in Its Whistleblower Era
When the hacker turned corporate-cybersecurity specialist Peiter Zatko went to work for Twitter in 2020, he thought he could help the company improve its practices after some embarrassing breaches. But either he couldn’t help Twitter, or Twitter didn’t want his aid—less than two years later the company fired him. Last month he issued a massive complaint against it to the Securities and Exchange Commission, the Department of Justice, and the Federal Trade Commission, alleging widespread malfeasance and fraud at the
Of Course Elon Musk Wanted Twitter
Long before the rockets and the electric cars, before the high-speed trains and the brain implants and the flamethrowers, Elon Musk was in the content business.
In 1996, Zip2, the company he’d founded with his brother, started courting newspapers with a service that would allow them to build online directories of classified ads, real-estate listings, car deals, and entertainment events. The internet was still new and mysterious, and news organizations around the country were glad to have help getting online.
How Facebook Failed the World
In the fall of 2019, Facebook launched a massive effort to combat the use of its platforms for human trafficking. Working around the clock, its employees searched Facebook and its subsidiary Instagram for keywords and hashtags that promoted domestic servitude in the Middle East and elsewhere. Over the course of a few weeks, the company took down 129,191 pieces of content, disabled more than 1,000 accounts, tightened its policies, and added new ways to detect this kind of