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Archivo del Autor: Belen De Leon

Can Elon Musk Really Take Tesla Private?

The Tesla CEO tweeted he had secured funding for a buyout of the electric carmaker, and market madness ensued.
Source: Wired

FCC net neutrality cyberattack wasn't real, says internal report – CNET

The report, from the FCC’s Office of Inspector General, says the crash “was not, as reported to the public and to Congress, the result of a DDoS attack.”
Source: CNET

Here's why Elon Musk wants Tesla to go private – Roadshow

It’s not set in stone just yet, but a new blog post at least helps explain where this idea came from.
Source: CNET

Facebook needs 'safe harbor' for public interest journalism, say researchers – CNET

The Knight Institute has requested a response by early next month.
Source: CNET

Coinbase adds instant trading and increases daily limits

Coinbase just announced two new perks that should please regular cryptocurrency traders. Starting on Tuesday, new Coinbase users will no longer have to wait out for five days to trade after signing up for the exchange.

As the company explained in a blog post:

… When someone makes the decision to sign up, they don’t want to wait days before they can start buying cryptocurrency. While we do support instant transfers via wire transfer and debit cards, purchases via direct debits from your bank account can take days to appear.

With this update, customers will receive an immediate credit for the funds being sent from their bank account. They can then buy and sell crypto to and from their USD wallet right away, but cannot send their funds off the Coinbase platform until the funds coming from their bank have settled.

With the new trading restriction lifted, Coinbase is also raising the daily purchase limit for its tier of verified users to $25,000, up from the previous $25,000 weekly limit.

New users chomping at the bit to start swapping for digital currencies or current high-rollers looking to push the daily limits should note that completing Coinbase’s identity verification, which requires uploading a driver’s license for U.S. users, is a pre-requisite for either new perk.

“Customers who have not yet completed this process will be required to do so before having access to instant purchases, new trading limits and the ability to withdraw or send coins off-platform,” Coinbase explains in the blog post.

Both changes will be available first for U.S. customers who have completed Coinbase’s ID verification requirements. Coinbase users around the globe should expect to wait a little longer for the features to become available.


Source: TechCrunch

Snapchat shrinks by 3M users to 188M despite Q2 earnings beat

The Stories War has officially killed Snapchat’s growth. In Q2 2018 earnings today, Snapchat’s user count shrank 1.5 pecent percent to 188 million this quarter, down from 191 million and positive 2.9 percent user growth last quarter.

However, Snapchat beat on earnings per share with $262.3 million in revenue and a loss of $0.14 while Wall Street estimated an EPS loss of $0.17 with $249.8 million in revenue. Despite its shrinking user count this quarter, the improvement to revenue, up 44 percent year-over-year, led Wall Street to boost Snap’s share price 10 percent in after-hours trading to around $14.40 after it closed at $13.12

Snapchat is coming off of a disatrous Q1 earnings with its slowest ever user growth rate that led to a 24 percent plunge in its share price in May. But the company has been highly volatile, seeing a 37 percent boost in its share price after surprisingly positive Q4 2017 earnings. Now it’s proving that Facebook isn’t the only social network with growth troubles.

The quarter saw Snapchat escape much of the scrutiny facing other social networks regarding fake news and election interference. Snapchat started running unskippable ads in its Shows that could be a big money maker if extended to Stories. It began experimenting with ecommerce in earnest, allowing brands to sell things people can buy without leaving the app. It also opened self-serve buying of its augmented reality lens ads that people not only post, but play with for extended periods of time. And it launched its privacy-safe Snap Kit developer platform in hopes that alliances and referral traffic would help revive its user growth.

But problematically, its competitors like Instagram Stories continued to surge, with it now having 400 million daily Stories users and WhatsApp Status now having 450 million. Combined, Facebook has over 1.1 billion daily (duplicated) Stories users across its family of apps. That reach could make it tough for Snap to compete for ad dollars.


Source: TechCrunch

Elon Musk 'considering' taking Tesla private, trading resumed – Roadshow

At his target of $420 per share, that move would be worth some $70 billion.
Source: CNET

All the different Android versions through the years – CNET

From Cupcake to Pie, Android has acquired many tastes since its launch.
Source: CNET

Oracle launches autonomous database for online transaction processing

Oracle executive chairman and CTO, Larry Ellison, first introduced the company’s autonomous database at Oracle Open World last year. The company later launched an autonomous data warehouse. Today, it announced the next step with the launch of the Oracle Autonomous Transaction Processing (ATP) service.

This latest autonomous database tool promises the same level of autonomy — self-repairing, automated updates and security patches and minutes or less of downtime a month. Juan Loaiza SVP for Oracle Systems at the database giant says the ATP cloud service is a modernized extension of the online transaction processing databases (OLTP) they have been creating for decades. It has machine learning and automation underpinnings, but it should feel familiar to customers, he says.

“Most of the major companies in the world are running thousands of Oracle databases today. So one simple differentiation for us is that you can just pick up your on-premises database that you’ve had for however many years, and you can easily move it to an autonomous database in the cloud,” Loaiza told TechCrunch.

He says that companies already running OLTP databases are ones like airlines, big banks and financial services companies, online retailers and other mega companies who can’t afford even a half hour of downtime a month. He claims that with Oracle’s autonomous database, the high end of downtime is 2.5 minutes per month and the goal is to get much lower, basically nothing.

Carl Olofson, an IDC analyst who manages IDC’s database management practice says the product promises much lower operational costs and could give Oracle a leg up in the Database as a Service market. “What Oracle offers that is most significant here is the fact that patches are applied without any operational disruption, and that the database is self-tuning and, to a large degree, self-healing. Given the highly variable nature of OLTP database issues that can arise, that’s quite something,” he said.

Adam Ronthal, an analyst at Gartner who focuses on the database market, says the autonomous database product set will be an important part of Oracle’s push to the cloud moving forward. “These announcements are more cloud announcements than database announcements. They are Oracle coming out to the world with products that are built and architected for cloud and everything that implies — scalability, elasticity and a low operational footprint. Make no mistake, Oracle still has to prove themselves in the cloud. They are behind AWS and Azure and even GCP in breadth and scope of offerings. ATP helps close that gap, at least in the data management space,” he said.

Oracle certainly needs a cloud win as its cloud business has been heading in the wrong direction the last couple of earnings report to the point they stopped breaking out the cloud numbers in the June report.

Ronthal says Oracle needs to gain some traction quickly with existing customers if it’s going to be successful here. “Oracle needs to build some solid early successes in their cloud, and these successes are going to come from the existing customer base who are already strategically committed to Oracle databases and are not interested in moving. (This is not all of the customer base, of course.) Once they demonstrate solid successes there, they will be able to expand to net new customers,” he says.

Regardless how it works out for Oracle, the ATP database service will be available as of today.


Source: TechCrunch

Elon Musk explains why taking Tesla private is ‘the best path forward’

Earlier today, Tesla CEO Elon Musk tweeted about how he’s considering taking Tesla private. Now, Tesla has published an email Musk sent to employees today that describes his rationale. However, no decision has been made yet, Musk wrote in the email.

Musk says it’s “the best path forward” because taking Tesla private would help minimize some of the distractions that come as a result of “wild swings in our stock price.” Going private would also enable Tesla to make decisions that are best for the long-term, rather than the short-term, he said.

“Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company,” Musk wrote in the email.

He later adds, “This proposal to go private would ultimately be finalized through a vote of our shareholders. If the process ends the way I expect it will, a private Tesla would ultimately be an enormous opportunity for all of us.”

Following Musk’s tweet announcing his desire to take Tesla private, Tesla shares jumped before getting halted on the stock exchange. Tesla shares have since reopened.

You can read the full email below.

Earlier today, I announced that I’m considering taking Tesla private at a price of $420/share. I wanted to let you know my rationale for this, and why I think this is the best path forward.

First, a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term. Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company.

I fundamentally believe that we are at our best when everyone is focused on executing, when we can remain focused on our long-term mission, and when there are not perverse incentives for people to try to harm what we’re all trying to achieve.

This is especially true for a company like Tesla that has a long-term, forward-looking mission. SpaceX is a perfect example: it is far more operationally efficient, and that is largely due to the fact that it is privately held. This is not to say that it will make sense for Tesla to be private over the long-term. In the future, once Tesla enters a phase of slower, more predictable growth, it will likely make sense to return to the public markets.

Here’s what I envision being private would mean for all shareholders, including all of our employees.

First, I would like to structure this so that all shareholders have a choice. Either they can stay investors in a private Tesla or they can be bought out at $420 per share, which is a 20% premium over the stock price following our Q2 earnings call (which had already increased by 16%). My hope is for all shareholders to remain, but if they prefer to be bought out, then this would enable that to happen at a nice premium.

Second, my intention is for all Tesla employees to remain shareholders of the company, just as is the case at SpaceX. If we were to go private, employees would still be able to periodically sell their shares and exercise their options. This would enable you to still share in the growing value of the company that you have all worked so hard to build over time.

Third, the intention is not to merge SpaceX and Tesla. They would continue to have separate ownership and governance structures. However, the structure envisioned for Tesla is similar in many ways to the SpaceX structure: external shareholders and employee shareholders have an opportunity to sell or buy approximately every six months.

Finally, this has nothing to do with accumulating control for myself. I own about 20% of the company now, and I don’t envision that being substantially different after any deal is completed.

Basically, I’m trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible.

This proposal to go private would ultimately be finalized through a vote of our shareholders. If the process ends the way I expect it will, a private Tesla would ultimately be an enormous opportunity for all of us. Either way, the future is very bright and we’ll keep fighting to achieve our mission.

Thanks,
Elon


Source: TechCrunch

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