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Transcripts For BLOOMBERG Bloomberg Technology 20240713

Proved to be the new Magic Kingdom while the apple kingdom apple card cant shake its controversy. First its all about our top story, we work. Theyre set to face the securities and exchange inquiry into possible rules violation into the runup of its failed ipo. The agencys review was said to be preliminary and may not lead to an enforcement case. The company at one point was worth 47 billion dollars before it fell out of favor and needed a bailout from softbank. More outlets bring in congratulations on the story. What we know so far about the inquiry . An inquirythere is happening. It is early, preliminary, we dont know what might come of it. We do know that we work has taken steps to respond to it. They have hired who used to be the head of the Sec Enforcement Division who now works in private practice coming on to help them respond to this. This is also coming from the Sec Enforcement Division, the part of the sec you dont want to hear from. Although we dont know exactly what is promp

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