Gears & Gadgets

French antitrust watchdog hits Apple with its biggest fine ever: $1.2 billion

Enlarge / The Apple Park campus stands in this aerial photograph taken above Cupertino in October 2019. Sam Hall/Bloomberg via Getty Images Apple has been fined $ 1.2 billion by a French antitrust watchdog for anticompetitive activities. It is the largest fine ever processed by France’s antitrust regulators, and it follows eight years of preparation […]

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Elon Musk settles fraud charges with SEC for infamous 'funding secured' tweet, must step down as Tesla chairman and pay $20 million fine

Lucy Nicholson / Reuters Tesla’s Elon Musk has settled with the SEC, according to court documents filed Saturday. The SEC sued Musk on Thursday, alleging Musk tweeted “false and misleading statements” in August about taking the company private. As part of the settlement, Musk will neither admit nor deny the allegations, and he will resign […]