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It is now abundantly clear that Elon Musk does not have 'funding secured'

In a blog post, Elon Musk attempted to explain why he said he had "funding secured" for a deal to take Tesla private last week. His explanation doesn't hold water for anyone who understands finance, sovereign wealth funds, or the passage of time.

Elon Musk has written a blog post explaining why he said he might take Tesla private at $420 a share on Twitter. "Funding secured," he declared in the tweet.

But after reading Musk's new post, the only conclusion to be drawn is that funding was, in fact, not secured.

And that could spell serious trouble for Musk


The makers of ‘Fallout’ and ‘Skyrim’ just issued an ultimatum to Sony over the PS4, and it could have a huge impact on the future of gaming

Microsoft and Sony directly compete in the video game market, where the PlayStation 4 has a commanding lead over the Xbox One in hardware sales numbers. Starting in 2017, Microsoft has been pushing the concept of "cross-platform" play — the ability to play games like "Minecraft," "Fortnite" and more with friends on PC, smartphone, and even Nintendo's Switch. Sony refuses to allow games on the PlayStation 4 to work with games on Microsoft's Xbox One and Nintendo's Switch. Both video game fans and game makers are publicly pushing back on Sony's stance — and now, "The Elder Scrolls: Legends" publisher Bethesda Softworks has issued an ultimatum.

The massive video game publisher Bethesda Softworks — the company behind franchises like "Fallout," "The Elder Scrolls," and "DOOM" — just issued a major ultimatum to Sony.


Here's how Samsung's new $330 Galaxy Watch compares to the Apple Watch

Samsung's latest competitor to the Apple Watch is here: the Galaxy Watch, a $330 fitness-focused smartwatch. 

Samsung introduced the new smartwatch on stage at its Unpacked event last week. The Galaxy Watch isn't Samsung's first wearable, but it's the first with the Galaxy brand name — in the past, Samsung's smartwatches have been under the "Gear" branding.

The Galaxy Watch also sets itself apart with two key features: battery life (the watch can last up to four days on a single charge, Samsung says) and a rotating crown that lets you control the watch like a dial. Plus, it looks more like a standard watch than most other smartwatches on the market, Apple Watch included. 


The most important engineers at Facebook
Posted August 13, 2018 0:51 AM
The most important engineers at Facebook

Out of Facebook's legions of engineers, who are names you absolutely need to know?

Business Insider has tracked down 16 of the most important engineers at the company, from those maintaining its core products of today, to those leading the charge on its most ambitious moonshots.

These are all people that work directly in engineering roles for specific products and areas; they might not be guiding product strategy or calling the shots at the end of the day — but they are the figures who are stewarding Facebook's engineering efforts, and keep the leviathan running.


Mark Cuban says he cashed out his Twitter stock (TWTR)

Mark Cuban says he cashed out his Twitter stock.  The investor and TV personality said in May 2017 that he started buying shares. Citron Research upgraded Twitter earlier on Monday. Watch Twitter trade in real time here.

Mark Cuban is taking his Twitter profits and running. 

The investor and TV personality told CNBC on Monday that he has exited his stake in the social-media company because he "wanted to accumulate as much cash as possible."

Cuban's Twitter trade appears to have been a profitable one. On May 2, 2017, ee told CNBC's Squak Alley that


Facebook denies report that its head of news said Mark Zuckerberg doesn't care about publishers (FB)

Facebook has denied a report that its head of news partnerships said Mark Zuckerberg doesn't care about publishers. A report from The Australian alleged that Campbell Brown made the remarks in a recent off-the-record meeting with media executives. But the Silicon Valley giant has said the alleged quotes are "not accurate" and "have been taken out of context."

Facebook is strongly disputing a report that alleges its head of news partnerships Campbell Brown privately said that CEO Mark Zuckerberg doesn't care about news publishers.


Wall Street made an ambitious, $300 million bet to build a challenger to Bloomberg — here's how it's getting on

Secure communication platform Symphony has raised over $300 million from Google and banks like Goldman Sachs and JPMorgan. It has been valued at over $1 billion. It aims to become the platform that connects secure industries like finance, government, and medicine. Banks hope the platform can help them cut down on $24,000-a-year Bloomberg terminal usage. Business Insider has spoken to over 35 sources across the industry to understand what Symphony is doing right, what it's getting wrong, and what more it has to do.

Almost a fifth of young people in Britain are so addicted to their smartphones that they spend more than seven hours a day online (AAPL, GOOG, GOOGL)

The UK's media regulator recently found that around 1 out of 5 young people between the ages of 16 and 24 use their phones for over 7 hours a day. That's 49 hours of phone time per week. 

Sobering new statistics from Ofcom, the UK's media regulator, suggest that some young people use their phone for over 7 hours a day — a huge portion of waking hours. 

About a fifth of young people between 16 and 24 spend more than seven hours online. That works out to two full 24-hour days per week, according to the Telegraph, which published parts of the Ofcom results. 

Some other surprising stats from the Telegraph article:

Britons check their smartphones every 12 minutes on average.  More than half of younger users say their devices interrupt face-to-face conversations with families and frie...

Inside the long process of getting Led Zeppelin's music in HBO's 'Sharp Objects,' which has defined the mood of the show

HBO's limited series "Sharp Objects" uniquely features four songs from legendary 1970s rock and roll band, Led Zeppelin. The show's music supervisor, Susan Jacobs, tells Business Insider about the months-long process to gain the rights to the music.

For decades, countless filmmakers have abandoned the hope of featuring the music of rock gods Led Zeppelin in their work because the legend is true: It’s really, really hard to get the band to grant permission.


9 reasons you should buy Tesla's new Model 3 'Performance' car instead of the standard Model 3 (TSLA)

Tesla's Model 3 is an attractive option for anyone considering a new car.

It comes in seven beautiful colors, seats up to five people, and, of course, is environmentally friendly and fully electric, with the ability to get up to 310 miles on a single charge. That also means a quieter driving experience, and no more trips to the gas station. 

This month, though, Tesla released a high-performance version of the Model 3, called the "Model 3 Performance."

Here are 9 reasons to consider the Model 3 Performance over the standard Model 3 from Tesla:

1. The standard Model 3 features a single motor. The Model 3 Performance features a dual-motor system to make acceleration feel even zippier. 2. The range on the standard Model 3 is around 215 to 220 miles. The Model 3 Performance, like the long-range Model 3, can get up to 310 miles on a single charge. 3. The standard Model 3 features rear-wheel drive. The Model 3 Performan...