Google fined, Musk defends SolarCity buy, Trump Org parts ways with Weisselberg
Julie Hyman breaks down Tuesday’s business headlines, including: Google facing a fine of $593 million after failing to create a fair deal with news publishers in France, the Trump Organization parting ways with former Allen Weisselberg after the company’s former CFO was indicted, and Elon Musk defends Tesla’s acquisition of SolarCity.
Video Transcript
JULIE HYMAN: In other headlines we're watching, Google was fined $500 million Euros after ignoring a 2020 French regulatory order to negotiate fair agreements with news sources for putting their content on its platform. The regulator said Google failed to negotiate in good faith to display snippets of content on Google News. The company in a statement maintained it did act in good faith and was close to an agreement with [INAUDIBLE] press.
Alan Weisselberg is reportedly being removed from his many positions within Donald Trump's family business, according to reports. Weisselberg's main role was as chief financial officer. A week ago, he and the Trump Organization were indicted over an alleged plan to pay employees, including himself, off the books to allow them to evade taxes. In his case, a million dollars worth of taxes, according to the complaint.
Elon Musk testified yesterday in a Delaware court over Tesla's $2.6 billion acquisition of SolarCity in 2016. Musk said there was no personal financial gain from the combination, and added he didn't want to be in control of one company, let alone two. He said, quote, "I tried very hard not to be the CEO of Tesla. I don't like being the boss to anyone."
