Techmeme
September 28, 2018, 9:40 AM

Top News

Bloomberg:
SEC sues Elon Musk, accusing him of misleading investors when he tweeted that he had funding lined up to take Tesla private; stock drops 11%+  —  The Securities and Exchange Commission has opened a case against Tesla Inc. Chief Executive Officer Elon Musk, according to a docket entry in Manhattan federal court, Bloomberg News reports.
Sara Salinas / CNBC:
SEC seeks to bar Elon Musk from serving as an officer or director of a publicly traded company if found guilty; Musk calls SEC action unjustified  —  - The SEC complaint alleges that Musk issued “false and misleading” statements and failed to properly notify regulators of material company events.
Maureen Farrell / Wall Street Journal:
Sources: Slack is actively preparing for an IPO in the first half of 2019, with an expected valuation of more than $7B  —  Messaging company, recently valued at roughly $7 billion, aims to debut in the first half  —  Slack Technologies Inc. is actively preparing for an initial public offering …
Tweets: @danprimack
Taylor Hatmaker / TechCrunch:
Coinbase adds Coinbase Bundle, a new offering that lets users buy a market-weighted sampling of its 5 available cryptocurrencies, for as little as $25  —  Coinbase is shaking things up quite a bit lately and its latest tools are geared toward cryptocurrency traders just getting their toes wet.
Nour Al Ali / Bloomberg:
Swiss-based Seba has secured ~$104M in funding, dependent on being granted a banking license from Finma, to create a cryptocurrency-focused regulated bank  —  - Seba raises $104 million from private, institutional investors  — Company in talks with Swiss financial regulator since April
John Leyden / The Register:
Weaknesses in DEP, Apple's free service for remote enterprise device management, may give attackers access to the network by guessing serial numbers of devices  —  Researchers check bootstrap enrolment tech, suck teeth, whistle  —  Hackers can blow holes in Apple's managed service technology …

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More News

Jon Brodkin / Ars Technica:
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Earlier Picks

Consumer Reports:
Paul Sawers / VentureBeat:
David Stringer / Bloomberg:
Connie Loizos / TechCrunch:
Bloomberg:
CoinDesk:
Kashmir Hill / Gizmodo:
Zack Whittaker / TechCrunch: