1. Elon Musk Stranded?
Elon Musk has been looking for an estimated $750M dollar loan to finance his SpaceX company. Musk has a $24.6B fortune, but for being one of the richest people on the planet, he’s relatively cash poor. Musk’s terms for the SpaceX loan were too much, even for his closest ally on Wall Street, Goldman Sachs. Before you start feeling too bad for Musk, SpaceX was able to find a loan partner in Bank of America. B of A might have a long time to wait for a payoff as Musk has indicated SpaceX won’t go public until it’s flying to Mars.
(Source: Bloomberg)
2. Samsung’s “Foldable Phone”
As soon as we heard the word iPhone, the world quickly moved away from flip phones. But before you can say Zoolander, the flip phone may be coming back with a twist. Samsung has announced that they are working on designing a bendable smartphone. Called the “Infinity Flex Display,” it can fold like a pocket vanity mirror. The benefit is it will have two separate screens—think: one for Instagram and one for Candy Crush. While we’ve seen flexible prototypes in the past, this is one of the first we’ve seen that’s rumored to ship in 2019.
(Source: The Verge)
3. Facebook Declines to Comment
Recent privacy issues and data breaches are becoming a common thing at Facebook. UK Parliament and Canadian lawmakers have been requesting Mark Zuckerberg, CEO of Facebook, to address these concerns and eliminate misinformation #fakenews. They also want to address the seriousness of the Cambridge Analytica issue. Zuck has declined these requests and declined to comment. Oh, Canada.
(Source: CNBC)
