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SEC, DOJ Probe Tesla Over Statements About Autopilot Functionality

WASHINGTON—Federal prosecutors and securities regulators are investigating whether Tesla Inc. TSLA 0.50% misled consumers and investors about how its advanced driver-assistance system performed, according to a person familiar with the matter. The Justice Department is looking at statements that Tesla and its executives made about the safety and functionality of the system known as Autopilot, the person said. The Securities and Exchange…

Amazon Tests TikTok-Like Feed in App

Amazon AMZN -1.95% is testing a feature in its app that would show users a TikTok-style photo and video feed of products for shoppers to share with other users. The test is currently visible to a small number of Amazon employees, according to a person familiar with it. Amazon joins other major technology companies such as Meta Platforms Inc. and Google parent Alphabet Inc. that have attempted to bump up engagement…

Twitter Schedules Shareholder Vote on Elon Musk’s $44 Billion Takeover Bid

Twitter said Tuesday in a regulatory filing it would ask shareholders to vote on the arrangement at a meeting on Sept. 13. The meeting is set to occur while the company is preparing to go to battle with Mr. Musk in Delaware Chancery Court this fall, seeking to compel him to honor the terms of the merger agreement. Twitter said in the filing it is committed to completing the merger and that its board of directors has unanimously recommended that the shareholders vote in favor of it. Mr. Musk and Twitter agreed…

Lyft Lays Off About 60 Employees, Folds Its Car Rentals for Riders

Lyft Inc. has shed about 60 people while hitting the brakes on renting its cars to riders and consolidating its global operations team, according to people familiar with the matter and an employee memo reviewed by The Wall Street Journal. The cuts covered less than 2% of staff and mainly affected employees who worked in operations, the people said. In a memo to some staff sent Tuesday, the company said it was folding the part of its business that allowed…

Tesla Plans 3-for-1 Stock Split, Joining Other Tech Companies

America’s largest auto maker by market value—which enacted a 5-for-1 stock split almost two years ago—seeks to make the shares more accessible to individual investors. America’s largest auto maker by market value—which enacted a 5-for-1 stock split almost two years ago—seeks to make the shares more accessible to individual investors. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink…

Meta Scrutinizing Sheryl Sandberg’s Use of Facebook Resources Over Several Years

The lawyers investigating Facebook operating chief Sheryl Sandberg’s use of corporate resources are examining behavior going back several years, said people familiar with the matter, focusing on the extent to which staffers worked on her personal projects. A number of employees have been interviewed as part of the investigation by Facebook parent Meta Platforms Inc., META -3.71% the people said, adding that the review has been under way…