Sep 18, 2017

Report: Equifax faces criminal probe over stock sales

The DOJ has launched a criminal investigation into the Equifax breach, because three of its executives sold stock in the company after the company found out it had been hacked and before the company disclosed the breach, Bloomberg reports, citing "people familiar with the investigation."

  • The Securities and Exchange Commission is also said to be weighing in on the investigation.
  • Equifax and those executives did not immediately respond to requests for comment. They have previously said those executives "had no knowledge that an intrusion had occurred at the time they sold their shares."
  • The personal identifying information of as many as 143 million Americans was compromised in the Equifax breach.

Why it matters: Stocks fell 35% after the breach was disclosed, but were little changed before that, in effect, making those stock trades beneficial for those top execs.

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DOJ to treat antifa involvement in protests as domestic terrorism

Barr and Trump. Photo: Doug Mills-Pool/Getty Images

Attorney General Bill Barr said in a statement Sunday that the Justice Department will use its network of 56 regional FBI Joint Terrorism Task Forces to identify the "criminal organizers and instigators" of violence during the George Floyd protests, including antifa and similar groups.

Why it matters: Barr, President Trump and other members of the administration have pinned the blame for riots and looting over the past few days of protests against police brutality on antifa, a loosely defined far-left movement that uses violence and direct-action protest tactics.

2 hours ago - Technology

Trump and Zuckerberg share phone call amid social media furor

Photo: Alex Wong/Getty Images

In the week that President Trump took on social media, Axios has learned that he had a call Friday with Facebook CEO Mark Zuckerberg that was described by both sides as productive.

Why it matters: With the White House and Twitter at war, Facebook has managed to keep diplomatic relations with the world's most powerful social-media devotee.

Twitter, Google lead chorus of brands backing George Floyd protests

Illustration: Lazaro Gamio/Axios

Twitter and Google are among the dozens of brands over the past 24 hours that have taken public stances in favor of Americans protesting racial equality. Some companies have changed their logos in solidarity with the movement, while others have pledged money in support of efforts to address social injustice.

Why it matters: The pressure that companies feel to speak out on issues has increased during the Trump era, as businesses have sought to fill a trust void left by the government. Now, some of the biggest companies are quickly taking a public stand on the protests, pressuring all other brands to do the same.