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Musk under investigation by SEC over Twitter transactions

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Billionaire Elon Musk is under investigation by the SEC over his recent Twitter transactions

US Regulators are investigating the Twitter takeover by Elon Musk.

According to the Wall Street Journal, a probe has been launched by the SEC into Musk’s delayed disclosure of large stake in Twitter last month.

Reports suggest that Musk disclosed a 9.2 percent stake in Twitter to the U.S. Securities and Exchange Commission on April 4.

But there was a delay of at least 10 days with reporting that figure.

An investor who crosses a 5 percent stake must file a form with the SEC within 10 days of the transaction.

The SEC says a stake larger than five percent serves as an early sign to stakeholders that a big investor could seek to control the company.

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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Food delivery drone crashes into powerlines

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Thousands of people have been left without power after a food delivery drone crashed into powerlines

Power was restored after 45 minutes after the drone made a pre-cautionary landing.

‘Wing’ is the company behind the incident who use drones for their food delivery services.

A spokesperson for Energex, the company who supplies power to the 300-affected homes says drones can be dangerous.

It’s believed these instances are very rare and the meal was still hot when emergency crews arrived at the scene.

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Meta’s hiring freeze a result of economic slowdown

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Meta’s hiring freeze is the latest indication that even tech giants are feeling the pinch of the struggling economy

META’S HIRING FREEZE | Meta’s CEO Mark Zuckerberg has told employees the company is going on a “hiring freeze.”

He says there might also be more layoffs in the future and pointed the blame at the global economy and Apple.

Meta’s revenue has been taking a hit because of the global economic slowdown, and Apple’s recent change to its ad tracking policies hasn’t helped matters either.

Mark Zuckerberg

As a result, Meta’s stock price has plunged more than 50% this year.

In May, Zuckerberg warned that Meta might have to make some “tough choices” in the form of layoffs.

But by June, he sounded more optimistic, saying that Meta was “well-positioned” to weather the economic storm.

Now it looks like those tough choices are finally being made.

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Apple exec fired over crude TikTok video

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Apple’s vice president of procurement, Tony Blevins, has been fired from the company after his crude remarks in a TikTok interview went viral

Apple has fired its vice president of procurement, Tony Blevins for making crude comments in a viral TikTok video.

It all started with an interview that went horribly wrong. Creator Daniel Mac posted a video where he asked Blevins what he does for a living, and Blevins response didn’t reference anything respectable.

“I race cars and play golf and fondle big-breasted women. But I take weekends But I take weekends and major holidays off,” Blevins replied.

The video has been viewed over 1.3 million times.

The video didn’t identify Blevins by name and didn’t reference his position at Apple, though Blevins does note that his job offers “a hell of a dental plan.”

But Apple moved quickly to fire Blevins, saying the comments don’t align with their values and respect of women.

Apple is known for being a family-friendly company, so it’s no surprise that they wouldn’t want an employee making crude jokes on TikTok.

This just goes to show that you should be careful what you say on social media.

Ton Blevins

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