Techlegally

  IMAGE COPYRIGHT GETTY IMAGES image caption Elon Musk will retain his position as chief executive Elon Musk has dropped his chief executive job title and crowned himself "Technoking of Tesla". Mr Musk will still retain his position of chief within the company, the US Securities and Exchange Commission (SEC) filing said. Tesla's chief financial officer, Zach Kirkhorn, has the new title of Master of Coin. This may refer to the company's $1.5bn (£1.1bn) purchase of Bitcoin this year. Neither Mr Musk or Mr Kirkhorn have elaborated on the meanings of the new titles. 'Erratic and unlawful' It comes just days after a Tesla investor sued Mr Musk and the company over a series of "erratic" and "unlawful" tweets. Lawyers for Chase Gharrity accused Mr Musk of issuing false statements about Tesla's finances to his tens of millions of followers. In May last year, Mr Musk shared a tweet claiming that Tesla's stock value was "too high". ...

  IMAGE COPYRIGHT GETTY IMAGES China's tech giants are coming under increasing pressure from regulators worried about their growing influence. By Monday, Tencent had shed more than $60bn (£42bn) from its market value as its share price slid over concerns of greater regulator scrutiny. Media reports suggest that rival tech giant Alibaba may have to sell some of its media assets under the crackdown. Chinese regulators have signalled a tougher approach towards tech firms. China’s tech giants face new anti-monopoly rules China opens door to Ant Group's stock market debut The race to create the world's next super-app China's State Administration for Market Regulation (SAMR) on Friday said it had fined 12 companies over 10 deals that violated anti-monopoly rules. The companies included Tencent, Baidu, Didi Chuxing, SoftBank and a ByteDance-backed firm, the SAMR said in a statement. Investors appear to be worried that Tencent could be the next company in the crosshairs of Chin...

  IMAGE COPYRIGHT GETTY IMAGES image caption Rupert Murdoch's News Corporation has secured payments from Facebook in Australia Facebook has agreed to pay Rupert Murdoch's News Corp Australia for journalism from its local mastheads. The deal was secured just weeks after Australia passed a controversial world-first law aimed at making tech platforms pay for news content. News Corp has not disclosed the value of the three-year contract in Australia. Last month,  it clinched a global deal with Google . Mr Murdoch's media empire began with his Australian newspapers. The deal covers all of News Corp Australia's content. It controls about 70% of newspaper circulation in Australia with titles including The Australian, The Daily Telegraph and The Herald Sun. What happened after Facebook blocked news in Australia? Facebook v Australia: Two sides to the story It also owns news.com.au, as well as the Fox News-modelled conservative TV network Sky News Australia, which has grown to b...

  Sebastian will always remember the moment he lost £407,000, with equal parts anger and shame. The night leading up to it had been otherwise forgettable. He and his wife watched a series on Netflix, before she went to bed and left him on the sofa messing about on his phone. Then he received a Twitter notification with news from Elon Musk. Sebastian told the BBC: "Musk tweeted, 'Dojo 4 Doge?' and I wondered what it meant. "There was a link to a new event below, so I clicked on it and saw that he was giving away Bitcoin!" Sebastian followed the link to a professional-looking website where the Bitcoin giveaway looked to be in full swing. There was a timer counting down, and the website promised participants that they could double their money. The competition was apparently being run by Elon Musk's Tesla team. It invited people to send anything from 0.1 Bitcoin (worth approximately £4,300) to 20 Bitcoin (approximately £860,000), and the team would send back doub...