The SEC Is Intensifying Its Probe of Tesla

The U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla Inc.’s public statements in the wake of Elon Musk’s provocative tweet Tuesday about taking the electric-car company private, according to two people familiar with the matter.

SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla’s public pronouncements on manufacturing goals and sales targets, according to the people who asked not to be named because the review is private.

Now, attorneys from that office are also examining whether Musk’s tweet about having funding secured to buy out the company was meant to be factual, according to one of the people.

https: //www.bloombergquint.com/business/2018/08/09/tesla-is-said-to-face-broader-sec-scrutiny-over-musk-statements

Facebook is shedding massive traffic – and it’s apparently flocking to YouTube

Four billion. That, according to a new study shared with CNBC by market research firm SimilarWeb, is how many monthly page visits Facebook has shed in a slow-drip but nevertheless huge decline over the last two years.

Facebook’s traffic hasn’t just fallen by about half since 2016, according to the study. Among the consequences of such a precipitous drop is the opening it’s given to YouTube, which the study’s data shows is about to overtake Facebook to become the second biggest site, traffic-wise, in the U.S. Which would give Google ownership of the top two spots, pushing Facebook down to number three.

https ://bgr.com/2018/08/08/facebook-traffic-down-youtube-gaining-ground/