US Regulators | Pixr8 News

Google has spent USD 21.7 million on lobbying last year to influence lawmakers, becoming the leading corporate spender among the tech companies facing increasing scrutiny from US regulators over privacy practices and market control, according to a media report. Lobbying spending by tech companies has been on a steady rise in recent years and is way up over the past decade, according to the report on CNBC. The report cited data from the Center for Responsive Politics, which is a non-profit, nonpartisan research group that tracks the effects of money and lobbying on elections and public policy. As the biggest US technology companies face increasing scrutiny from regulators related to privacy practices and market control, they are spending a lot more money to try and influence lawmak...

The US Securities and Exchange Commission has charged Tesla CEO Elon Musk with securities fraud accusing him of misleading investors in tweets about taking the company private last month. It was in August that Musk tweeted about taking Tesla private. He also stated that he had raised funds for the same purpose. But, he never took the company private, instead continued with it being public. The SEC said Musk's statements on Twitter were "false and misleading" and that he had never discussed the plans with company officials or potential funders. However, Musk rejected the SEC's allegations, calling the charges baseless and swearing to defend himself. "This unjustified action by the SEC leaves me deeply saddened and disappointed," Musk said in a statement. "I have always taken action i...

Tag: US Regulators

Google top in Lobbying, Spent USD 21.7 Million

Tesla CEO Elon Musk Charged with Fraud by US Regulators