SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

Tesla CEO Elon Musk and the Securities and Exchange Commission have asked for a one-week delay to resolve their contempt of court dispute, the parties announced Thursday in a joint submission to a federal judge.

While we have not reached an agreement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by telephone earlier this week and are continuing to discuss potential resolution. Because our discussions are ongoing, we respectfully request to provide the Court with another joint submission on or before April 25, 2019, indicating whether we have reached an agreement in principle, the submission says.

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Zoom rocketed 72% on first day of trading

Videoconferencing software company Zoom made its debut Thursday on the Nasdaq under the ticker symbol ZM, surging 80% to $65 and closing out the day up 72% at $62.

At that price Zoom had a stock market value of $15.9 billion. Zoom is among a growing crop of tech companies going public in 2019, but with a twist: its profitable.

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Zoom is worth billions more than Pinterest as both go public — even though it’s half the size

When it comes to emerging tech companies, investors are clearly rewarding growth and profitability above all else.

Videoconferencing company Zoom and social media site Pinterest both debuted on the public markets Thursday and immediately rallied from their IPO prices. But Zoom went up significantly more, giving it a valuation of $15.9 billion as of the close of trading, topping Pinterests market capitalization of nearly $13 billion.

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Uber announces $1 billion investment into its self-driving car group, weeks before going public

Uber has announced a deal for a $1 billion investment in its self-driving vehicle unit, just weeks before its initial public offering.

Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbanks Vision Fund will invest $333 million. SoftBank is already Ubers largest shareholder and Toyota invested $500 million last year.

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Samsung shares tumble amid concerns its foldable phones are breaking

Shares of Samsung Electronics dropped more than 3 percent on Thursday after multiple accounts emerged of its cutting-edge folding phone breaking ahead of the devices retail launch.

The phone, named the Galaxy Fold and priced at $1,980, has only been given to gadget reviewers so far, but several people have reported that their screens appear to be disconnecting and permanently flashing on or off.

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A new Russian law will further separate the country from the global internet

A new law that could further cordon Russia from the global internet passed the countrys parliament this week and awaits President Vladimir Putins signature.

Moscow has positioned the law as a security and privacy measure, meant to counter what it has said is an increasingly aggressive cybersecurity stance by the U.S. and increasingly risky threat landscape generally. But activists and other international observers outside Russia say the law would give Putins government far greater control over internet traffic within the country, despite measures already in place to tamp down on dissent.

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Grocery firm Kroger launches autonomous deliveries in Houston

Grocery giant Kroger has partnered with robotics firm Nuro to launch an autonomous delivery service in Houston, Texas. In an announcement Wednesday, Kroger said that the service would represent the first public use of Nuros self-driving vehicles in Houston.

The scheme will initially operate out of a store in South Post Oak, with Krogers Buffalo Speedway store offering it soon after.

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Qualcomm just added $26 billion to its market cap in 2 days—Jim Cramer and other experts weigh in on its settlement with Apple

One of big techs biggest battles is now over, and its making Wall Street more bullish on the space.

On Tuesday, chipmaker Qualcomm and iPhone maker Apple settled a yearslong dispute over patent royalties, sending shares of Qualcomm on a more than 35% tear over the course of two days, a $26 billion boost to its market cap.

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