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Showing posts from February, 2023

The CEO and the SEC settled the matter. Musk had to agree

  The CEO and the SEC settled the matter. Musk had to agree  to step down as the chairman of Tesla's board. Moreover, Tesla and the CEO each had to pay a $20 million fine. Due to the way in which Musk handled the payment of the fines, he ended up making money as Tesla's stock price climbed. Musk also had to agree to a "Twitter sitter," meaning he couldn't send out "material" tweets without having them approved by someone else first. Musk has had to wait over four years to resolve the situation, and he seemed to go into the case with plenty of confidence. The CEO has said all along that he did, in fact, have the funding secured. He continued to claim that the investors that who promised the funds later backed out.  With all of that said, the jury in the recent case unanimously agreed that Musk was not liable for the investors' loss of money. Needless to say, Musk seemed thrilled with the verdict.

Big Tech reshaped immigration policy to recruit global talent. The newest wave of layoffs have left those immigrant workers stranded.

  Big Tech reshaped immigration policy to recruit global talent. The newest wave of layoffs have left those immigrant workers stranded. Iparraguirre Recio via Getty Tech companies worked to maintain their hold on foreign talent, but recent layoffs leave the future of visa holders uncertain. The last update to H-1B visa availability was nearly 20 years ago despite the massive changes in industry. Employee sponsored-residency binds many immigrant workers to their current employers. For nearly a decade, Silicon Valley has worked to sway the political pendulum of immigration policy. Since 2013, some of the highest-valued companies in the world have pumped millions of dollars into lobbying efforts, including immigration policies that support their dominance over the limited number of  "high-skilled worker" visas in the United States.