X Corp. News

Judge Orders Elon Musk to Testify in SEC’s Twitter Probe

A federal judge ordered Elon Musk to testify again in the U.S. Securities and Exchange Commission’s probe of his $44 billion takeover of Twitter, giving the regulator and the billionaire a week to agree on a date and location for …

Lawmakers Urge SEC to Fix Cybersecurity After X Account Hack

U.S. lawmakers have urged the Securities and Exchange Commission (SEC) to review its cyber security preparedness after the financial regulator’s X account posted market material information earlier in the week due to a hack. Someone briefly accessed its X, formerly …

SEC Had a Fraught Cyber Record Long Before X Account Was Hacked

The hack of the U.S. Securities and Exchange Commission’s X account earlier this week is shining a light on an uncomfortable truth: Cybersecurity measures at Wall Street’s chief regulator have repeatedly been found to be lacking. The agency wasn’t fully …

Twitter Violated Contract by Failing to Pay Millions in Bonuses, Judge Rules

Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday. Mark Schobinger, who was Twitter’s senior director of compensation …

X Corp. Loses Fight to End FTC Privacy Oversight

X Corp. failed to persuade a federal judge to curb the US Federal Trade Commission’s close watch over the social media platform’s data privacy policies and block the agency from questioning company owner Elon Musk. US Magistrate Judge Thomas Hixson …