Legal

Netflix accused of misleading investors prior to subscriber loss

Netflix investors have filed a class-action lawsuit accusing the streaming behemoth of making false or misleading statements about its business, operations and prospects after it reported a loss of 200,000 subscribers in the first quarter of 2022.

Elon Musk's Tesla tweets are fair game for investigation, SEC says

"So long as Musk and Tesla use Musk’s Twitter account to disclose information to investors, the SEC may legitimately investigate matters relating to Tesla’s disclosure controls and procedures, including Musk’s tweets about Tesla” the regulator wrote.