SEC

Elizabeth Holmes Faces 2020 Fraud Trial over Theranos Collapse

Disgraced former CEO Elizabeth Holmes will stand trial for her role in the now infamous collapse of her startup Theranos, which falsely claimed that it had revolutionized medical blood testing. She faces up to 20 years in prison for fraud, with her trial occurring next year.

Elizabeth Holmes, CEO of Theranos, participates in the closing plenary session of the Clinton Global Initiative 2015 Annual Meeting at the Sheraton New York Times Square Hotel, on Tuesday, Sept. 29, 2015 in New York. (Photo by Greg Allen/Invision/AP)

Report: Facebook’s Data Deals Under Criminal Investigation

According to a recent report from the New York Times, tech giant Facebook is under criminal investigation for a number of data deals with other major tech firms. The New York Times recently reported that federal prosecutors are conducting a criminal investigation

WASHINGTON, DC - APRIL 10: Facebook co-founder, Chairman and CEO Mark Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018 in Washington, DC. Zuckerberg, 33, was called to testify after it was reported that 87 million …

Tesla Closes Retail Stores, Announces $35K Model 3

Elon Musk’s Tesla revealed this week that the company is closing all of its retail stores and only selling cars online, while also finally released the $35,000 Tesla Model 3, and slashing prices on most other models at the same time.

Tesla names board director to replace Musk