Elon Musk sued by SEC, TiVo introduces new DVR
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Elon Musk sued by SEC, TiVo introduces new DVR

Tech Industry
This is CNET and here are the stories that matter right now. The US Securities and Exchange Commission has sued Elon Musk for securities fraud. The SEC says Musk misled investors with a number of tweets that said he had funding lined up to take his car company Tesla private. The Commission is asking for a number of things including a bar prohibiting Musk From serving as an officer or director of a public company. A Facebook has authored a post refuting claims made by a cofounder of WhatsApp, Brian Acton. In an interview, Acton said that WhatsApp faced pressure to monetize the messaging platform by Mark Zuckerberg and Cheryl Sandberg. WhatsApp also faced questions as to why the service was encrypted. Facebook Executive David Marcus said that Zuckerberg shielded founders of acquired companies and gave them autonomy. Marcus also disclaimed that no one at Facebook asked him to write the post. [MUSIC] TiVo introduced a new DVR called the Bolt OTA The device combines over the air broadcast and internet videos streaming services like YouTube, Amazon Prime and Netflix. They both OTA facts [INAUDIBLE] which means it can record four channels at one time. It's internal hard drive is capable of handling about 150 hours of recorded high definition video. The Bolt OTA costs $250, but there is a service fee involved. Either you pay $7 per month, $70 per year, or get lifetime service for $250. [MUSIC] Stay up to date with the latest by visiting cnet.com.

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