Facebook’s corporate parent has agreed to pay $725 million to settle a lawsuit alleging the world’s largest social media platform allowed millions of its users’ personal information to be fed to Cambridge Analytica.
CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October.
The Supply Chain Disruptions Relief Act, designed to give dealerships that use the “last in, first out” inventory accounting method tax help as they restock their inventories.
The SEC argued that doing its job in the interest of shareholders and markets outweighs Musk’s interest in being able to tweet about Tesla without Tesla’s approval.
It’s another sign that a long surge in consumer prices seems to be easing.