Tech3 outletsover 24h
A Delaware federal judge issued a court order preventing the startup Operation Bluebird from using the “Twitter” name, while allowing it to use “Tweet” and the bird logo. The ruling noted that X has not abandoned the “Twitter” trademark, citing its App Store listing that reads “Welcome to X (formerly known as Twitter).” Operation Bluebird has begun early testing of Tweet.app, charging $20 for handle reservations after receiving 172,000 pre-launch requests.
Ars Technica·TechCrunch·Engadget
Tech4 outletsover 22h
A federal judge approved a $1.5 million settlement between the U.S. Securities and Exchange Commission and Elon Musk concerning his investment in Twitter, requiring Musk to pay the fine. Although the judge expressed reservations about the agreement, the court ruled it could not block the settlement.
Engadget·TechCrunch·The Next Web·Ars Technica
Tech5 outlets
Elon Musk has agreed to pay $1.5 million to settle the Securities and Exchange Commission’s allegations that he failed to disclose his ownership of more than a 5 percent stake in Twitter. The payment resolves the SEC’s Twitter-disclosure case and represents the maximum penalty allowed for the violation.
TechMeme·Engadget·The Verge·The Next Web·Ars Technica
Tech5 outlets
A U.S. jury concluded that Elon Musk misled Twitter shareholders with his tweets, causing them financial losses. The court ordered Musk to pay damages to the investors. The decision was based on evidence that his public statements were intended to influence the acquisition price.
TechMeme·Ars Technica·Engadget·TechCrunch·The Verge