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Articles written by Michael Liedtke

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Jury: Musk didn't deceive investors with 2018 Tesla tweets

SAN FRANCISO (AP) — A jury on Friday decided Elon Musk didn't deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors....

 

Elon Musk's Tesla tweet trial delves into investor damages

SAN FRANCISCO (AP) — An Elon Musk tweet declaring he had the financing to take Tesla private in 2018 caused billions of dollars in investor damages after the deal collapsed, according to estimates presented Tuesday at a trial examining the...

 

Elon Musk defiantly defends himself in Tesla tweet trial

SAN FRANCISCO (AP) — Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have...

 

Elon Musk takes witness stand to defend Tesla buyout tweets

SAN FRANCISCO (AP) — Elon Musk took the witness stand Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private in a deal that never came close to happening. The tweet resulted in a $40 million settlement with...

 

Elon Musk's next drama: a trial over his tweets about Tesla

SAN FRANCISCO (AP) — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Long before Musk purchased Twitter for $44 billion in October, he had...

 

Holmes gets more than 11 years in prison for Theranos scam

A federal judge on Friday sentenced disgraced Theranos CEO Elizabeth Holmes to more than 11 years in prison for duping investors in the failed startup that promised to revolutionize blood testing but instead made her a symbol of Silicon Valley's...

 

Will Elizabeth Holmes' conviction sober up Silicon Valley?

SAN JOSE, Calif. (AP) — The fraud conviction of former Theranos CEO Elizabeth Holmes could do more than just send a once-celebrated ex-billionaire to prison. In theory, it could also deliver a sobering message to a Silicon Valley culture that...

 

Elizabeth Holmes' fraud case heads to the jury

SAN JOSE, Calif. (AP) — The jury that will weigh 11 charges of fraud and conspiracy against former Theranos CEO Elizabeth Holmes finally got the case Friday afternoon after a three-month trial that captivated Silicon Valley. The hand-off came...

 

Defense team rests in Elizabeth Holmes fraud trial

SAN JOSE, Calif. (AP) — Fallen entrepreneur Elizabeth Holmes has finished her attempt to persuade a jury that she suffered lapses in business judgment but never engaged in fraud while running blood-testing startup Theranos. Her defense lawyers...

 

Elizabeth Holmes accuses ex-lover, business partner of abuse

SAN JOSE, Calif. (AP) — Disgraced entrepreneur Elizabeth Holmes described herself as the abused puppet of her former lover and business partner Sunny Balwani in tearful testimony Monday, part of her attempt to refute accusations that she lied about...

 

Elizabeth Holmes takes the stand in her criminal fraud trial

SAN JOSE, Calif. (AP) — Fallen Silicon Valley star Elizabeth Holmes, accused of bamboozling investors and patients into believing that her startup Theranos had developed a blood-testing device that would reshape health care, took the witness stand...

 

Jury gets chance to hear Elizabeth Holmes' bold promises

SAN JOSE, Calif. (AP) — A jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes got its first chance Friday to listen to recordings of her boasting to investors about purported breakthroughs in a blood-testing technology. The techno...

 

Leaked records open a 'Pandora' box of financial secrets

Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century,...

 

Whistleblower: Facebook chose profit over public safety

NEW YORK (AP) — A data scientist who was revealed Sunday as the Facebook whistleblower says that whenever there was a conflict between the public good and what benefited the company, the social media giant would choose its own interests. Frances...

 

Apple, Google raise new concerns by yanking Russian app

BERKELEY, Calif. (AP) — Big Tech companies that operate around the globe have long promised to obey local laws and to protect civil rights while doing business. But when Apple and Google capitulated to Russian demands and removed a...

 

Silicon Valley finds remote work is easier to begin than end

SAN FRANCISCO (AP) — Technology companies that led the charge into remote work as the pandemic unfurled are confronting a new challenge: how, when and even whether they should bring long-isolated employees back to offices that have been designed...

 

Apple CEO faces tough questions about app store competition

SAN RAMON, Calif. (AP) — Apple CEO Tim Cook described the company's ironclad control over its mobile app store as the best way to serve and protect iPhone users, but he faced tough questions about competition issues from a judge Friday about...

 

Apple's iPhone privacy clampdown arrives after 7-month delay

SAN RAMON, Calif. (AP) — Apple is following through on its pledge to crack down on Facebook and other snoopy apps that secretly shadow people on their iPhones in order to target more advertising at users. The new privacy feature, dubbed "App...

 

Uber, Lyft team up on database to expose abusive drivers

SAN RAMON, Calif. (AP) — Uber and Lyft have teamed up to create a database of drivers ousted from their ride-hailing services for complaints about sexual assault and other crimes that have raised passenger-safety concerns for years. The clearinghou...

 

EXPLAINER: Why the power grid failed in Texas and beyond

DALLAS (AP) — The power outages tormenting Texas in uncharacteristically Arctic temperatures are exposing weaknesses in an electricity system designed when the weather's seasonal shifts were more consistent and predictable — conditions that most...

 

'Unprecedented' mail volume delays Christmas gifts

SAN RAMON, Calif. (AP) — Some who mailed holiday presents weeks early this year found they didn't act early enough as Christmas arrived with their gifts stuck in transit. The U.S. Postal Service said on its website that it was "experiencing...

 

US airport traffic rising despite holiday travel warnings

SAN RAMON, Calif. (AP) — More than 1 million people have passed through U.S. airport security checkpoints in each of the past two days in a sign that public health pleas to avoid holiday travel are being ignored, despite an alarming surge in...

 

Twilio CEO discusses why pandemic lifted tech to new heights

SAN RAMON, Calif. (AP) — Twilio has emerged as a technological backbone for thousands of companies during the pandemic. Its users rely on its digital tools to connect with customers through mobile apps, call centers and messaging services as the...

 

Uber, hard-hit by pandemic, sells its robot-vehicle division

SAN RAMON, Calif. (AP) — Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire th...

 

Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the two companies a better shot at competing against longtime industry powerhouse Microsoft. The...

 

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