- Tesla reported a wider loss than expected this quarter.
- Thomson Reuters
Good morning! This is the tech news you need to know this Thursday.
1. Tesla reported a wider loss than expected for its second quarter, but expects to be profitable in the second half of the year as it ramps up Model 3 production. The electric car maker beat forecasts for revenue, and its cash burn decreased compared with the first quarter.
2. Elon Musk apologized to the analyst whose questions he infamously called ‘boring’ and ‘boneheaded’ last quarter. The Tesla CEO said sorry to Sanford C. Bernstein & Co. analyst Antonio Sacconaghi and other Wall Street analysts during the company’s second-quarter earnings call on Wednesday.
3. Google reportedly wants to launch a censored search engine in China after Sundar Pichai held secret government meetings. The project is codenamed “Dragonfly” and the new service may take the form of an Android app.
4. Facebook is cutting loose hundreds of thousands of apps as part of its big data cleanup. Facebook is shutting down hundreds of the thousands of dormant apps following the Cambridge Analytica data scandal.
5. Facebook’s security boss is leaving the company, a day after the social network revealed co-ordinated attempts to meddle in the US midterms. Alex Stamos is leaving the social network for Stanford University.
6. Reddit says it was hacked in June and attackers got private messages and other info from early users. The hack affected people who used Reddit between 2005, when the site was created, to 2007.
7. Elon Musk wants to let people play video games on the dashboard screen of Tesla cars. Musk said he was looking to hire game developers at Tesla to create games.
8. The city of Cupertino is in talks to build a Hyperloop transport system in Apple’s backyard – and its mayor hopes Apple might help pay for it. The Hyperloop is a futuristic, high-speed system that would move people from place to place using vacuum-sealed tubes.
9. Parents are paying as much as $35 an hour for ‘Fortnite’ coaches for their kids. The Wall Street Journal reports that parents hope these coaches will lead to college scholarships, e-sports careers, or at least some prize money.
10. Elon Musk offered billionaire David Einhorn a “box of short shorts” to comfort him after his Tesla short bet put a big dent in his fund. David Einhorn’s $5.5 billion Greenlight Capital hedge fund lost 18.3% in the first half of 2018.
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