The SEC reportedly became involved just one day after the now-infamous "funding secured" tweet. Not only was the SEC interested in whether or not the funding was actually secure, it wanted to determine whether or not Musk's tweet constituted sufficient disclosure to investors, which is required before making the type announcement he did.
"I'm not at all surprised at the speed with which this has happened, because so much of the evidence was already out in public," said Sam Abuelsamid, senior research analyst at Navigant Research, in an email to Roadshow. "Normally, regulators have to spend months investigating before they get enough evidence to make a case. In this situation, Musk basically handed them the case on a Twitter timeline."
The following week, it was reported that the SEC slapped Tesla with a subpoena, requiring the company to provide documents related to Musk's tweet about going private. At that point, neither Tesla nor the SEC would either confirm or deny that an investigation was taking place.
On Aug. 25, 18 days after the tweet heard 'round the internet, Musk published a blog post on Tesla's site that said he had chosen to keep the company public. He admitted that going private would be "challenging" and "distracting," and that "most of Tesla
Facebook on Friday said a breach affected 50 million people on the social network.
The vulnerability stemmed from Facebook's "view as" feature, which lets people see what their profiles look like to other people. Attackers exploited code associated with the feature that allowed them to steal "access tokens" that could be used to take over people's accounts.
While access tokens aren't your password, they allow people to log in to accounts without needing it. Facebook also said later Friday that the breach also affected third-party apps that you have linked to your Facebook account, including Instagram. As a precautionary measure, Facebook logged about 90 million people out of their accounts, the company said.
The social network said it discovered the attack earlier this week. The company has informed the FBI and the Irish Data Protection Commission. Facebook said the investigation is in the early stages and it doesn't yet know who was behind the attacks.