News Roundup 9/28/18


By: Kenya Staley

1. The SEC Sues Elon Musk

The U.S Securities and Exchange Commission is suing Elon Musk, CEO of Tesla after the CEO tweeted he was taking the company private. His tweet on August 7 stated, "Am considering taking Tesla private at $420. Funding secured." As a result, Tesla stocks rose nearly 11 percent that day. According to the SEC, Musk did not discuss key factors with any funding source when the tweet was posted. They announced on Thursday September 27, "Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors,". Tesla released a statement in part of the CEO insisting those were not his intentions.

Source: NPR

2. 7.5 Earthquake Devastates Indonesia

On Friday, September 28 the city of Palu in Sulawesi, Indonesia was struck by a 7.5 earthquake. This triggered a 10-foot tsunami immediately after. Missing families have been reported but officials are struggling to gain new information due to power outages. A spokesman from the Disaster Agency said a tsunami warning was issued but it was lifted within an hour. CBS News reported that television footage showed people hysterically crying and escaping buildings to find safety. In 2004, Indonesia was hit with a 9.1 earthquake later triggering a tsunami that killed over 100,000 people.

Source: CBS

3. LSU basketball player Wayde Sims killed in shooting

According to the Baton Rouge police department, 20 year old Louisiana State University (LSU) athlete Wayde Sims was killed in a shooting, Friday September 28. Sims was rushed to the hospital where he was later pronounced dead. Head Coach Will Wade stated, "We are all devastated. We need your prayers for Wayde, for his family, for all of us. We are heartbroken”. Louisiana State University has counselors available to support friends and students affected by Wayde's death.

Source: NBC

4. Facebook Hit With Another Attack

On Friday, September 28 Facebook was hacked releasing around 50 million users information. The company does not know if a specific location was targeted or if any of the accounts were misused. The attackers used the feature "View as" to gain access to users accounts. The feature allows Facebook users to view their page the way a friend would. Authorities were notified including the FBI and legislators.The company notified users of the attack and assured them not to take any additional steps to protect their account.

Source: CNN

5. Senator Jeff Flake Confronted By Protesters

In a confrontation caught on camera, Arizona Senator Jeff Flake was confronted by two protesters at the U.S State Capitol on Friday, September 28. The two women stopped Flake in an elevator to condemn his decision to support Judge Kavanaugh. One protester told Flake, "What you are doing is allowing someone who actually violated a woman to sit on the Supreme Court. This is not tolerable. You have children in your family. Think about them." According to CNN, the exchange lasted about 5 minutes and left all participants visibly upset. Hours later, Senator Flake called for a delay on the vote for Brett Kavanaugh's nomination.

Source: CNN

Kenya Staley News Roundup