The Securities and Exchange Commission has requested sanctions against Elon Musk for failing to appear in a deposition related to his 2022 Twitter acquisition, with the SEC investigating possible securities fraud in connection with the deal. Musk’s attorney argues that rescheduling was agreed upon due to an emergency, and Musk and his companies are cooperating with the SEC in other ongoing investigations. Additionally, Musk is facing a civil lawsuit in New York for allegedly concealing his investments in Twitter, with corresponding messages suggesting his buying strategy was closely held and unknown to others involved.
Full Article
VeriSign (VRSN) Q1 2025 Earnings Call
DATEOn April 24, 2025, VeriSign reported a Q1 revenue of $402 million, marking a 4.7% year-over-year increase, with a net income of $199 million and a diluted EPS of $2.10. The company initiated a quarterly cash dividend of 77¢ per share and repurchased 1 million shares, returning $230 million to shareholders. Additionally, the domain name base rose to 169.8 million, with 10.1 million new registrations, and the 2025 revenue guidance was updated to between $1.635...
Read more