Ayman's blog

Canadian Prime Minister Justin Trudeau on Wednesday faced the first obstacles in launching his new minority government when a small opposition party demanded quick action on two priorities in exchange for its support on progressive policies.
Twelve soldiers in southeastern Niger were killed and eight wounded in an overnight attack by gunmen likely belonging to Islamist insurgent group Boko Haram, the defense ministry said on Wednesday.

facebook ceo mark zuckerberg

  • Facebook has once again announced strong financial results for the previous quarter, despite scandals and regulatory woes.
  • The Silicon Valley firm beat Wall Street`s expectations for both profits and revenue.
  • Its stock jumped by around 3% in after-hours trading on the news.

Facebook has shrugged off scandals and growing regulatory concerns to post another strong quarter, sending its stock jumping around 3% in after-hours trading.

The Silicon Valley-based social networking giant beat Wall Street analysts` expectation on both profits and revenues during Q3 2019, in another sign that the company`s very public woes over the past two years are failing to damage the fundamentals of its business.

Its revenues from July to September were 17.65 billion, up 29% on the same time period a year ago, and its userbase grew by around 9% annually.

And it pulled in 6.09 billion in net profits — up 19% on last year.

Here are the key numbers, as well as what Wall Street was expecting:

  • Revenue: 17.65 billion, up 29% year-on-year (17.35 billion expected)
  • Earnings per share (GAAP): 2.12 (1.91 expected)
  • Net income: 6.09 billion, up 19% year-on-year
  • Daily active users 1.62 billion, up 9% year-on-year (1.61 billion expected)
  • Monthly active users: 2.45 billion, up 8% year-on-year (in line with expectations)

Analysts had been predicting another strong quarter from Facebook. The Silicon Valley social networking giant has been beset by scandals over the past two years — but its core business has been largely unscathed. The company is running "almost flawlessly," analysts at Wedbush wrote recently.

In a statement, CEO Mark Zuckerberg said: "We had a good quarter and our community and business continue to grow. We are focused on making progress on major social issues and building new experiences that improve people`s lives around the world."

Also on Thursday, Facebook announced that Dr. Susan Desmond-Hellman, CEO of the Bill and Melinda Gates Foundation, is stepping down from its board of directors. In a corporate filing, Facebook said her "decision to resign was based on personal reasons and was not due to any disagreement with Facebook on any matter relating to its operations, policies or practices."

Business Insider is covering Facebook`s financial results live as they come in. Refresh this page for updates or click here for the latest updates.

Do you work at Facebook? Got a tip? Contact this reporter via encrypted messaging app Signal at +1 (650) 636-6268 using a non-work phone, email at [email protected], Telegram or WeChat at robaeprice, or Twitter DM at @robaeprice. (PR pitches by email only, please.)

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NOW WATCH: Why it`s so hard for planes to land on water

Logan Green Lyft CEO

  • Lyft reported its third quarter earnings on Wednesday afternoon. 
  • Wall Street analysts expected the company`s financial losses to shrink, and were closely watching total ridership numbers. 
  • By many metrics, Lyft could outshine Uber this quarter. Uber reports its financials on Monday. 
  • Visit Business Insider`s homepage for more stories.

Lyft reported third-quarter earnings on Wednesday that topped Wall Street`s expectations and set a new record for revenue. 

Here are the key figures: 

  • Earnings: -0.41 per share versus an expected -0.72 per share
  • Revenue: 955.6 million versus an expected 916.2 million
  • Active riders: 22.3 million versus an expected 22 million

Revenue per active rider, a closely watched metric in the industry, also rose to 42.82 for the quarter, up from 33.63 a year ago. 

"Our third quarter results demonstrated the significant progress Lyft has made on our path to profitability," CEO Logan Green said in a press release. "Record revenue was generated by strong growth in both Active Riders and Revenue per Active Rider as we continue to increase engagement through product innovation and execution."

Shares of Lyft gained initially gained about 1.16% in after-hours trading following the announcement, but later remained mostly flat. 

Lyft raised its guidance for the full year on both revenue and EBITDA. Revenue is now expected to fall between 3.57 billion and 3.5 billion, up from 3.47 billion to 3.50 billion. EBITDA losses are now expected to be between 708 million and 718 million where the range was previously 850 million to 875 million. 

Last week, Lyft surprised investors when CEO Logan Green said the company expected to turn a profit one year sooner than expected by analysts, in the fourth quarter of 2021. Shares exploded as much as 11% on the news.

"We`ve never laid out our path to profitability, and we know that`s a question on a lot of investors` minds," Green said at a Wall Street Journal tech conference, adding, "We`re going to be profitable on an adjusted EBITDA basis a year before analysts expect us to."

The company is hosting a conference call with investors and analysts at 5 pm to discuss the results. 

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NOW WATCH: Inside the US government`s top-secret bioweapons lab

Brazilian President Jair Bolsonaro on Wednesday deplored a TV network`s report linking him with a former police officer accused of assassinating a Rio de Janeiro city councilwoman and threatened to cancel the broadcaster`s license.
Iraqi security forces killed two people on Wednesday by shooting tear gas canisters directly into their heads in an attempt to stop protesters entering Baghdad`s heavily fortified Green Zone, security and medical sources said.
CAIRO – 30 October 2019: Egypt’s Minister of Military Production Mohamed Al-Assar on Tuesday said that the ministry would produce electric mini-cars, in coordination with Egyptian IMUT company.

The ministry said the new mini-cars, dubbed E-Motion, would be affordable, but would only be allowed to be driven in resorts and compounds. The versions of the mini-cars that would be allowed to be driven at streets would be announced later, the ministry said.

The ministry also celebrated on Tuesday a new project to manufacture electric buses in the country, in partnership with China’s Foton Motor.

The National Authority for Military Production signed on October 1 an MoU with SSE and Marathon International Limited to build a factory that manufactures electric vehicle charging stations, and recycles batteries.

The move comes within the state’s plan to give up the use of fuel vehicles in public transportation and introduce electric ones. The Ministry of Military Production had signed in April an agreement with Foton Motor to produce 2,000 electric buses over 4 years at its Tank Production and Repair Company (Factory 200).

In the same month, the ministry signed an MoU with Geely to produce cars starting September 2019. That was during the president`s visit to China to attend the Belt and the Road Summit.

robot ai sophia

  • The rapid advancement of technology is causing people plenty of anxiety — including the scientists, researchers, and futurists, working on the technology itself.
  • The advent of artificial intelligence, drones and self-driving vehicles raises many open-ended questions about the future of technology and the unintended consequences it may lead to. 
  • We spoke to scientists and researchers to find out 13 dark theories that keep them up at night.
  • Visit Business Insider`s homepage for more stories.

Back in 1970, author Alvin Toffler coined the term "future shock.

He envisioned a dystopian future in which technological and sociological change would be too rapid to cope with, and people would be utterly overwhelmed by daily life. 

In the last decade or two, the pace of technological change has accelerated rapidly compared to the era in which Toffler was writing.

Artificial intelligence, social media, self-driving cars, genetic modification you can perform in a garage — even the most optimistic futurists may acknowledge that some technologies are heading toward a tipping point, in which it becomes difficult to predict how they`ll be used or what unintended consequences may occur.

Shows like "Black Mirror" routinely take a fictional look at these dark technological scenarios, but the show might not be so far-fetched after all. We talked to scientists, technologists, and researchers to see what terrifying but plausible applications for emerging technologies keep them awake at night.

SEE ALSO: 9 predictions from old sci-fi movies that actually came true

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Computers could eventually learn to discriminate against human workers in hiring processes.

Thanks to modern machine learning, artificial intelligence can already defeat us at games like chess and Go.

And when one AI faces off against the other, they can both become so good that humans don`t stand a chance of winning. Today, AI is helping people perform a vast number of tasks — everything from improving photos as they`re taken to making grammar recommendations in word processing apps

That`s the heart of Rob Peterscheck`s concern. Peterscheck is principal consultant at Small Scale AI, and he is concerned that as job seekers start to rely on AI-based tools to write resumes, they`ll inevitably be submitted to employers who use their own AIs to help select candidates in the hiring process.

"The AI that is judging résumés has the effect of simultaneously training the AI that`s writing resumes," Peterscheck told Business Insider. 

This feedback loop means the resume-writing AI has an opportunity to learn from every submission, and eventually create resumes so likely to be selected that mere humans writing on their own can`t possibly compete. 

"This means a human could never write a resume better than an AI when an AI is judging the results," Peterscheck said.

In fact, in any scenario in which machine learning systems can be trained to do a task, the machines will inevitably get better than humans, Peterscheck said. 

"If a machine is judging results, over time this will reduce the available work for humans," he said.

A swarm of drones could easily obliterate America`s infrastructure.

Drones have become commonplace, routinely flying missions for construction companies, civil engineers, security firms, real estate agents, and a hundred other applications. They`re so common that the Federal Aviation Administration has a drone pilot certification program

But aside from being convenient for business, drones may pose a large security threat and can fly through domestic security loopholes like mosquitoes through a chain-link fence.

J. Luke Bennecke is a 30-year veteran civil engineer who specializes in transportation engineering and doubles as a techno-thriller novelist. It`s the vulnerability of our national power infrastructure — and how easily drones could attack it — that keeps Bennecke awake at night.

"It`s very easy to set up thousands of drones that cost maybe a thousand dollars each. That`s a couple of million dollars, which is nothing for a terrorist," Bennecke told Business Insider. "You can make a block of Semtex with homemade materials from Home Depot and the local market, and affix it to the bottom of the drones. You can fly them with a pre-programmed route to crash into buildings, power plants, interchanges, whatever."

Semtex is a potent plastic explosive commonly used in commercial blasting operations as well as military applications, but also used by terrorists

The Department of Homeland Security has documented no fewer than 16 "critical infrastructure sectors […] considered so vital to the United States that their incapacitation or destruction would have a debilitating effect on security, national economic security, [or] national public health or safety."

Bennecke is concerned that a mass attack could cripple the entire nation, but to date, the government hasn`t proactively addressed this risk — even though drone technology gets better and cheaper with each passing year.

Toy drones could reveal your favorite hiding places to people looking for you.

As drones and other remote-operated vehicles get smarter, cheaper, and better connected, toy drones are becoming commonplace. Both kids and adults play with ground-based drones, and connectivity to a remote server can enable them to upload video and rely on AI to train themselves to maneuver around the home.

James Song, a leading technologist at Shadow Foundry, is concerned about a particular nightmare scenario that can result when the data these toys collect is used maliciously. 

"The sensors and video feed of these drones will be able to train an AI to maneuver within the home. If the data mis-appropriated, that means you`re buying toys that have the potential to teach military computers how to enter your home and find you. And because it`s a toy, you`re teaching it details like your personal favorite hiding places."  

Song added that AI systems can learn from that, and if killer robots are ever deployed, they`ll arrive already knowing the layout of your home as well as "what you`re thinking before you even think it."

In the `paper-clip maximizer` scenario, humans are ground up into paper clips by overeager AI.

Sergey Yudovskiy, CEO of the robotics company electroNeek, is concerned about automation.

It`s not a new concern. People have had existential worries about automation since the birth of the Industrial Revolution. But electroNeek develops robotic process automation technology, through which bots can be taught to imitate human workflow, automating and streamlining tasks. 

"This technology develops really fast. Lots of companies already talk about Cognitive RPA, which will be able to make decisions on its own," said Yudovskiy, which suggests that robots can find their own shortcuts to accomplish tasks faster without human training or intervention.

And that leads to the dreaded "paper-clip maximizer" nightmare scenario — a thought experiment from philosopher Nick Bostrom that AI scientists fret over late at night when they can`t sleep.

In the paper-clip maximizer scenario, rather than AI exterminating humans out of malice in the style of popular movies like "The Terminator," it happens purely by accident.

Imagine an AI robot tasked with making as many paper clips as possible. It begins fulfilling its mission to the exclusion of all other criteria — in the process, annihilating all life on Earth because it didn`t prioritize or understand the value of anything else. But on the plus side, it makes all the paper clips.

That exact scenario might not ever play out, but the lesson, according to Bostrom, is that "we need to be careful about what we wish for from a superintelligence, because we might get it."

Self-driving cars can be hacked and remotely controlled.

A future in which most cars are self-driving appears to be inevitable, with various semi-autonomous self-driving features available in models from virtually every major car maker, and companies like Uber investing heavily in self-driving research. It`s just a matter of time before you don`t drive your car — it drives you.

But self-driving cars are likely to rely heavily on mobile networks like 5G and connected services for their smarts, and concerns about hackers taking control of cars are common among researchers. Wired, for example, worked with a hacker to demonstrate that an ordinary Jeep Cherokee could be hacked remotely while it was driving down the freeway.

Bennecke thinks that anyone concerned about hackers taking control of a single car is thinking too small. He based his novel "Civil Terror: Gridlock" on this idea.

"If the road has a dedicated lane for self-driving cars, you can pack them together much more closely. You can have a line of cars all going 60 mph with 5-foot gaps between them. That`s the equivalent of hundreds of billions of dollars of infrastructure improvement without actually having to do any widening of the freeways," Bennecke told Business Insider.

But if a terrorist could take control of this network of cars, he said, you could have a massive high-speed pileup, resulting in countless fatalities.

"The loss of life would be almost beyond comprehension," he said.

A massive ransomware attack could cripple the world economy.

Ransomware is a pressing issue in the tech world. In a ransomware attack, cybercriminals infect computers with malware that encrypts all the files, and then demand ransom in exchange for the unlock code.

Some researchers worry about the Moby Dick of ransomware attacks that`s been dubbed the Bashe scenario.

Michael Gillespie, a security researcher Emsisoft, said "such a global ransomware attack would dwarf the WannaCry outbreak and be a truly nightmare scenario." 

A well-organized ransomware attack that targets mobile devices — which until now have been largely immune to ransomware — could encrypt data on about 30 million devices worldwide. 

"It could have an economic cost of 193 billion. Such an attack would impact every sector, from finance to transportation to energy production, causing global disruption on an unprecedented scale. Think `The Walking Dead,` but without the zombies," Gillespie told Business Insider.

5G networks could unintentionally amplify cyberattacks and stop entire cities from functioning.

The next generation of wireless cellular, called 5G, has started to roll out across the US, delivering speeds orders of magnitude faster than the 4G networks in use today.

For consumers, that means better video playback on mobile devices, but for businesses, 5G is expected to enable all manner of connected devices to work together more efficiently — from connected cars to factory automation to smart buildings.

Joseph Cortese, associate director at the cybersecurity firm A-LIGN, said that will be a good thing. 

"We will see a rush of businesses attempting to be the first-to-market with 5G enabled devices," Cortese said. "This will lead to an enormous swell in the size of the Internet of Things, with thousands of new devices joining the network." The Internet of Things is the name given to networks of connected devices in homes, business, and across cities. 

But Cortese also said we need to be prepared for cyberattacks, which reliance on 5G could make unimaginably worse. 

"Distributed denial of service attacks have the potential to quickly overload 5G networks and impact critical services. In the past, DDoS attacks have troubled services like Netflix and Airbnb, but in the future, the Internet of Things will be used for things like directing traffic patterns and providing emergency services workers with critical information."

In such an attack, large parts of a city`s infrastructure will be rendered useless. In a smart city that depends on the Internet of Things, operations would be brought to a halt. 

Cortese said, "Even a simple attack has the potential to cripple a smart city that relies on 5G networks to function."

CRISPR could be used to engineer a virus that insidiously infects unborn children.

In recent months, science news has been filled with headlines about CRISPR, a technology that allows researchers to edit DNA with unprecedented ease and accuracy. Proponents herald CRISPR as a genetic tool that is now being used to remove malaria from mosquitoes, treat muscular dystrophy, and improve food

Eventually, CRISPR can potentially rewrite medical science at a fundamental level, eliminating genetically transmitted diseases, creating highly targeted drugs, and more.

But the very features that make CRISPR so attractive to medical researchers could also be used by medically savvy terrorists on a limited budget. Bennecke offers a terrifying scenario in which terrorists infect the water supply with a CRISPR-created virus.

"With CRISPR, it`s possible to weaponize the water supply," Bennecke told Business Insider. "You could create a virus that actually modifies the human gametes in male. People think they have the flu, and get better. But unbeknownst to them, their sperm cells are changed, which will affect everyone`s offspring."

Deepfake videos can end political and corporate careers.

Deepfakes are sophisticated video forgeries in which AI tools can replace people`s faces in a video. For the most part, deepfakes are malicious, often used to fabricate videos like revenge porn. The technology — which is already free and easy to use — is only getting better.

Matt Rahman, COO of the computer security company IOActive, said he is especially interested in the dangers of deepfakes. 

"In a few years, you won`t be able to tell what`s fake," he said, because such video will be indistinguishable from reality.

That means disinformation campaigns using deepfakes could derail politicians` careers and negatively affect voter turnout for elections, as well as foment crises in the private sector. 

"By the time the fake video comes out and spreads through media outlets, a publicly traded company stock can drop by several percent," Rahman said. "While the company tries to restore credibility and investor confidence, the adversary is already making money on the company`s stock. The videos can cause fast and furious damage, since it takes a few days for the PR department, lawyers, and crisis teams to handle the situation."

And deepfakes may completely undermine democracy and the press.

Deepfakes pose a substantial existential threat to society. It`s not just about the risk to politicians and other public figures who are being targeted by cybercriminals — the entire system is potentially at risk. 

That`s the contention of from Danika Laszuk, general manager of the venture capital fund Betaworks Camp.

"Deepfakes have the potential to completely undermine of truth," Laszuk told Business Insider. "If public figures can use the mere existence of the technology to cast doubt on the veracity of a video they don`t like, the public will get exhausted trying to distinguish fact from fiction. This has the potential to undermine democracy here and around the world, and provide fodder for conspiracy theorists and others with opaque agendas."

Targeted advertising might become impossible to resist.

We`re surrounded by advertising, and it`s increasingly personal and targeted

A number of technologies are converging to make advertising more effective, including "digital twins," which are virtual models of consumers that are built from datasets that illuminate everything that is knowable about a person, from their physical attributes and demographic information to their personal preferences. And this information will only get more precise and useful to advertisers as time goes on. 

To be sure, we`re still in the early days of this kind of hyper-personalized advertising. Targeted ads, for example, continue to recommend the toaster you already bought.

But Charlie Cabot, research lead at Privitar, said he is concerned that if trends continue, hyper-personalized advertising will become "too manipulative."

"As AI improves, and the ad models can get access to more data, the capacity to persuade you to buy may reach unacceptable levels," Cabot told Business Insider, suggesting we may be literally unable to resist this kind of advertising. "Just imagine what will happen when this technology is also applied to political ads."

Self-driving cars could choose who to crash into based on net worth.

Science fiction is often fueled by computers and robots with self-aware artificial general intelligence — a sentient AI that has the capacity to understand the world in much the same way that humans do.

But some experts fear a greater threat from more narrow AIs — the kind we are getting good at creating today, optimized to solve a single kind of problem (like how to compose music or drive a car) and has no awareness aside from that. 

These AIs often have access to vast amounts of data and their designers have a murky understanding of the AI`s decision-making process, since machine learning systems are generally self-taught and too complex for human programmers to reverse engineer.

Shriram Ramanathan, a senior analyst at Lux Research, said he worries all of these factors are converging in ways we can`t predict.

"Researchers are unleashing AI technologies into the marketplace with little understanding of the long-term impact," he told Business Insider. "Most of these AIs are trained for a narrow set of use cases and definitely not capable of handling black swan events," or events with severe but unexpected consequences.

The result, Ramanathan said, may be chilling. The trolley problem, for example, is a classic philosophical thought experiment in which a runaway train is barreling toward either one of two groups of people, and the conductor has to choose who will die. This thought experiment is real for self-driving car engineers, who must equip a car to make real-time decisions with life-and-death consequences. 

"What if a semi-autonomous car makes a decision on which person to crash into by analyzing LinkedIn and Facebook data to determine an individual`s net worth?" Ramanathan told Business Insider.

People may choose to replace limbs with prosthesis by choice.

Modern prosthetics would be barely recognizable to doctors from just a generation ago.

Today, thanks to computers that are integrated directly into prosthetics that read signals in nerve endings, people with cutting-edge artificial limbs can control their prosthetics essentially the same as natural arms and legs. A prototype prosthesis even allows patients to feel natural sensations from the device, which enables them to walk while blindfolded — an unprecedented advancement in artificial limbs.

Hiep Dang, senior director of product management at the software firm Cylance, said he imagines that these devices will continue to evolve and improve. Eventually, some people may want to augment their body to take advantage of the technology.

"With the growing sophistication in prosthetics, people may decide to have elective surgery to replace fully functioning body parts," Dang said. "Prostheses will continue to become stronger, more durable, reliable and dexterous. We will reach a tipping point where an organic body will be a liability." 

"To what extent will we develop prostheses to enhance and extend human performance?"

Jack Dorsey

  • Twitter CEO Jack Dorsey says the company will no longer allow political ads on its social network. 
  • Dorsey explained the decision in a Twitter thread on Wednesday.
  • "This isn`t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today`s democratic infrastructure may not be prepared to handle. It`s worth stepping back in order to address," Dorsey tweeted.
  • Twitter`s ban on political ads comes after Facebook announced that it would not fact-check paid political ads — a policy that has drawn scrutiny from lawmakers, the media, and the public.
  • In fact, Dorsey`s Twitter thread came right as Facebook announced its quarterly earnings.
  • Visit Business Insider`s homepage for more stories.

Twitter will no longer allow political advertisements, according to CEO Jack Dorsey.

Dorsey explained the decision in lengthy thread posted on Wednesday afternoon, and specifically pushed back against the reasoning Facebook CEO Mark Zuckerberg used to defend Facebook`s policy of allowing paid political ads that intentional lies and misinformation.

In fact, Dorsey`s Twitter thread came right as Facebook released its quarterly earnings

"This isn`t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today`s democratic infrastructure may not be prepared to handle. It`s worth stepping back in order to address," Dorsey tweeted.

A final note. This isn’t about free expression. This is about paying for reach. And paying to increase the reach of political speech has significant ramifications that today’s democratic infrastructure may not be prepared to handle. It’s worth stepping back in order to address.

— jack 🌍🌏🌎 (@jack) October 30, 2019

Twitter`s policy banning political ads will go into effect on November 22, and the full policy will be posted one week earlier, on November 15. Dorsey said online political ads present new challenges to the democratic process that will require "forward-looking" solutions, including new regulations and improved transparency.

"While internet advertising is incredibly powerful and very effective for commercial advertisers, that power brings significant risks to politics, where it can be used to influence votes to affect the lives of millions," Dorsey said.

"Internet political ads present entirely new challenges to civic discourse: machine learning-based optimization of messaging and micro-targeting, unchecked misleading information, and deep fakes. All at increasing velocity, sophistication, and overwhelming scale."

Twitter counters Facebook`s stance on paid political ads

Earlier this month, Facebook CEO Mark Zuckerberg said he had considered removing political ads from Facebook entirely. The ads only make up a small portion of the social media platform`s advertising revenue, but Zuckerberg said banning ads from politicians could create a slippery slope, in which ads dealing with specific issues like healthcare and immigration could be barred.

"Political ads are an important part of voice — especially for local candidates, up-and-coming challengers, and advocacy groups that may not get much media attention otherwise. Banning political ads favors incumbents and whoever the media covers," Zuckerberg said in a speech delivered at Georgetown University.

"Even if we wanted to ban political ads, it`s not clear where we`d draw the line. There are many more ads about issues than there are directly about elections. Would we ban all ads about healthcare or immigration or women`s empowerment? If we banned candidates` ads but not these, would that really make sense to give everyone else a voice in political debates except the candidates themselves?"

Zuckerberg`s speech was focused on freedom of expression and the Facebook CEO said he didn`t want his company to become the arbiters of truth on its social media platform. Zuckerberg said the public should be able to decide what information is true or false in political ads and discourse. As a result, Facebook has chosen not to fact-check political ads, though commercial ads are subject to third-party fact checkers.

In his thread announcing Twitter`s complete ban on political ads, Dorsey`s comments appeared to be in direct conversation with Zuckerberg`s speech, including his claim that the decision was not about freedom of expression. Dorsey said Twitter considered just stopping ads from candidates, but realized that ads about specific political issues created the same problem. As a result, Twitter won`t allow paid advertisements about political issues, either.

In addition, we need more forward-looking political ad regulation (very difficult to do). Ad transparency requirements are progress, but not enough. The internet provides entirely new capabilities, and regulators need to think past the present day to ensure a level playing field.

— jack 🌍🌏🌎 (@jack) October 30, 2019

Dorsey said Twitter wants to focus on "the root problems" that promote misinformation, threaten political discourse, and put elections at risk, — accepting money from groups with political agendas puts Twitter in a compromising situation that hurts the company`s credibility, he said. And so, Twitter has chosen to put a stop to political advertising altogether, at least for now.

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NOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home Mini

Campbell Brown

  • Facebook`s head of news partnerships, Campbell Brown, defended Facebook`s choice to include sites like Breitbart in its new News tab in a Facebook post on Wednesday.
  • "We should include content from ideological publishers on both the left and the right — as long as that content meets our integrity standards for misinformation," she wrote. "All the content on Facebook News today meets those standards."
  • Facebook revealed its News section last week, where a curated selection of news is featured from a Facebook-selected group of around 200 publications. Immediately after announcing as much, critics called out some of the publications selected for inclusion.
  • Breitbart News has been a particular point of contention — its former executive chairman, Steve Bannon, once described Breitbart as "the platform for the alt-right." 
  • Business Insider is a partner in the Facebook News program.
  • Visit Business Insider`s homepage for more stories.

Facebook`s head of news partnerships, Campbell Brown, is defending the company`s decision to include sites like Breitbart News in Facebook`s recently announced News tab.

"I believe that in building out a destination for news on Facebook, we should include content from ideological publishers on both the left and the right — as long as that content meets our integrity standards for misinformation," Campbell wrote in a public Facebook post on Wednesday. "All the content on Facebook News today meets those standards."

Facebook revealed plans last week for a dedicated Facebook News section on its massive social media platform. The idea is that, through a verification process, Facebook News will provide news curation that enables readers to trust the pieces they read in that tab. Brown wrote last week in a blog post introducing the new section that the company hopes to "sustain great journalism and strengthen democracy."

The News section will feature work from publications like The New York Times and The Washington Post, along with regional newspapers like the Chicago Tribune. Business Insider is also a partner in the program.

But Facebook also selected Breitbart News to be one of around 200 outlets featured in the section, which immediately provoked criticism. Breitbart was once described by its cofounder and former executive director, Steve Bannon, as "the platform for the alt-right." The site has featured racist rhetoric, pushes anti-immigrant and anti-Muslim narratives, and heavily promotes President Donald Trump.

facebook news tab

In her post on Wednesday, Brown didn`t specifically mention Breitbart. Instead, she spoke to the importance of free speech and open discourse.

"There will invariably be news organizations, ideological or otherwise, who say or write things that I find abhorrent," she said. "But I will always stand by their right to express their views. It has been a long held American ideal that we win the day with better arguments, not by silencing those we disagree with."

Brown also spoke to the company`s rules governing Facebook News publisher selection, and what could happen if those rules are violated. "If a publisher violates our standards by posting misinformation or hate speech on our platform, they will be removed from Facebook News," she wrote. 

Brown isn`t the only Facebook executive to defend the company`s decision to partner with the far-right website. On Sunday, Instagram boss Adam Mosseri defended the decision while responding to a critique by the New York Times journalist Charlie Warzel on Twitter: "Two things to consider: (1) do you really want platform as big as Facebook embracing a political ideology? And (2) not as important, and this is an honest question, why such a different reaction to Breitbart being Apple News partner?" 

Facebook News is currently live in a test form for some US Facebook users. It is scheduled to launch in early 2020.

SEE ALSO: Facebook`s News boss blasted journalists calling for the company to `police` speech in political ads

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NOW WATCH: 8 weird robots NASA wants to send to space

Tim Cook, CEO of Apple

  • Apple will report its quarterly earnings for Q4 2019 after the market closes on Wednesday.
  • Analysts will be looking at iPhone revenue to get a sense of how the company`s new smartphones are performing heading into the holiday season.
  • Although Apple has expanded into new services in gaming, TV, and personal finance, iPhone revenue remains an important metric.
  • Visit Business Insider`s homepage for more stories.

Apple will post its quarterly earnings for the company`s fiscal fourth quarter of 2019 after the market closes on Wednesday, and Wall Street will be looking to see how the company`s latest iPhones are selling heading into the all-important holiday quarter.

Apple`s iPhone revenue has been in a consistent decline in recent quarters as the smartphone industry grapples with slowing sales across the board. The iPhone has been Apple`s most profitable product, but the company has increasingly focused on digital services in recent years — especially in 2019 — to offset this shift.

While the launch of new gaming and TV services and the Apple Card suggest that Apple is making an effort to decrease its reliance on iPhone sales, the success of these services is still largely tied to the iPhone, and whether Apple is able to keep customers locked into its ecosystem. The same can be said for Apple`s wearables, home, and accessories business, which was a noticeable bright spot in the company`s Q3 2019 earnings. That division includes popular accessories like the Apple Watch and AirPods, two hit products which largely rely on the iPhone for growth.

Wall Street will be looking to see how the newly launched iPhone 11 impacts overall iPhone revenue for the fiscal fourth quarter. Last year, Apple`s cheaper iPhone variant, the iPhone XR, didn`t launch until October, missing the deadline for Apple`s fourth fiscal quarter. Apple launched all three of its new iPhones in September this year, including the even less expensive 700 iPhone 11, so there will be curiosity around how this cheaper phone impacts overall iPhone revenue.

Given the recent trade tensions that have been brewing between the United States and China, there will likely be a lot of curiousity around the impact that the Trump administration`s tariffs on Chinese imports may have on Apple`s products. Since the Greater China region is Apple`s third largest market behind the Americas and Europe, many will also be looking to see whether the trade tensions between the two nations impact how Apple`s products are received in China as well. 

Here`s a look at what Wall Street analysts are expecting and how Apple performed in the same quarter a year ago. 

  • Q4 revenue: Analysts expect 63 billion compared to 62.9 billion in Q4 2018
  • Q4 earnings per share (GAAP): Analysts expect 2.84 compared to 2.91 in Q4 2018
  • Q1 revenue (guidance): Analysts are expecting 86.51 billion for Q1 2020 compared to 84.3 billion in Q1 2019
  • Q1 earnings per share: Analysts are expecting 4.42 in Q1 2020 compared to 4.18 in Q1 2019

We`ll be covering Apple`s earnings as soon as they are released, so hit refresh or click here for the latest updates.

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NOW WATCH: 8 weird robots NASA wants to send to space

The fight for justice for victims of Islamic State militants does not end with the death of leader Abu Bakr al-Baghdadi, Nobel laureate Nadia Murad said on Wednesday, asking: "How about those that raped us?"
European Union countries will give Sudan 466 million euros (516.61 million) in grants and humanitarian aid, the state news agency SUNA said on Wednesday after an EU delegation met Sudan`s foreign minister in Khartoum.
The good: AutoMod saves time and prevents potential mental health issues. The bad: Humans still have to clean up after it.
CAIRO – 30 October 2019: As Egypt has embraced around five million refugees, according to President Abdel Fattah al-sisi, the word “lage’ (refugee)” is normally abandoned in the Egyptian culture when referring to non-Egyptians living in Egypt.

Egypt has not build any camps for refugees, and has not allowed any boat to leave Egypt with refugees on board toward Europe, Sisi said.

The refugees in Egypt do not live on aid or wait for food from any international or local organization. They are allowed to work, get the necessary licenses to open restaurants and many other buildings.

Refugees in Egypt, including people from East Asia and Africa, has increased especially after the civil wars and political disturbance, which were sparked during the last ten years. Refugees in Egypt usually come from Syria, Iraq, Yemen and Palestine.

Concerning the legal position, Egypt has been defending human rights for refugees, participated in drafting the Universal Declaration of Human Rights, and signed a number of international treaties in this regard, including the 1951 Refugee Convention.

In education, non-Egyptians are allowed, while staying in Egypt, to choose between studying the Egyptian curriculum or the curriculum of their own country inside their schools or the embassies they belong to. In the event they chose to learn the Egyptian curriculum, they have to obtain an ID from the high commissioner in Egypt, which would pay them the school and university fees.

Syrians in Egypt
Especially since the Syrian war started in 2011, Egyptians have welcomed Syrians to live among them, and launch small and medium projects. President Sisi last year affirmed welcoming refugees “who all live [in Egypt] like Egyptians, without discrimination between us and them.” He addressed the Syrian refugees, saying that “Egypt is their country.”

Egyptians and Syrians share many similar traditions, religious values and even the taste in food; Many Egyptians fell in love with the Syrian version of Shawarma which they have favored over the Shawarma they have been familiar with.

Amid recent allegations questioning the integrity of the Syrian investors, and calls to monitor their investments, earlier this year, many Egyptians including celebrities have launched campaigns to defend their Syrian “brothers,” including starting hashtag “Syrians are [welcomed] in Egypt.”

facebook ceo mark zuckerberg

Facebook is announcing its Q3 2019 earnings after markets close on Tuesday.

Here are the key numbers Wall Street is expecting (consensus estimates via Bloomberg):

  • Revenue: 17.35 billion, which would represent 26% growth year-over-year
  • Earnings per share (GAAP): 1.91
  • Monthly active users: 2.45 billion
  • Daily active users: 1.6 billion

Analysts have been predicting another strong quarter from Facebook. The Silicon Valley social networking giant has been beset by scandals over the past two years — but its core business has been largely unscathed. The company is running "almost flawlessly," analysts at Wedbush wrote recently.

Business Insider will be covering Facebook`s financial results live as they come in. Refresh this page for updates or click here for the latest updates.

Do you work at Facebook? Got a tip? Contact this reporter via encrypted messaging app Signal at +1 (650) 636-6268 using a non-work phone, email at [email protected], Telegram or WeChat at robaeprice, or Twitter DM at @robaeprice. (PR pitches by email only, please.)

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NOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home Mini

windows 10 language

  • You can change the language on a Windows 10 device at any time in just a few steps. 
  • You may need to change the language on Windows 10 if you chose the wrong one during initial setup or you`re using a device that has already been configured.
  • Once you change the language in Windows 10 with these steps, it will be reflected across the entire system, from your sign-in screen to the File Explorer, to the websites you visit. 
  • Visit Business Insider`s homepage for more stories.

If you buy a brand new PC, you`ll be prompted during initial set-up to choose your default language. 

Whether you accidentally chose the wrong language, simply want to change it to a different one, or your machine was already configured for you, it`s possible to change your language on Windows 10 at any time. 

It should be noted that changing the default language in Windows 10 will mean the newly selected language will be everywhere on your computer, in its own settings and on the internet. 

Here`s how to do it. 

Check out the products mentioned in this article:

Windows 10 (From 139.99 at Best Buy)

How to change your language on Windows 10

1. Click on the Windows start menu and type "Settings," selecting the top option that appears in the search result. 

2. In the Settings app, click on "Time & Language," then click on "Language." 


3. Under "Preferred Languages," click on "Add a preferred language" and begin typing the name of the language you wish to use on your computer. 


4. Once you`ve found your preferred language, click "Next" to install the language pack on your computer. 


5. On the "Install language features" screen, make sure to check the "Set as my display language" option just under the selected language. Check the "Install language pack" option as well.

6. Click "Install" when finished and the pack will begin to download. 


7. When finished, you will be prompted to sign out of your Windows 10 account. Do so, then sign back in to see your new language displayed.

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best all-in-one PCs you can buy

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NOW WATCH: Why it`s so hard for planes to land on water

Mexico`s government on Wednesday showed dramatic video footage of the moment its forces briefly captured a son of kingpin Joaquin "El Chapo" Guzman this month before they were ordered to release the suspected trafficker to avoid a bloodbath.
Iraq`s most powerful politicians appeared to withhold support for Prime Minister Adel Abdul Mahdi on Wednesday, as anti-government protests swelled into the biggest mass demonstrations the country has seen since the fall of Saddam Hussein.
Belgian police found 12 migrants alive in a refrigerated truck at a motorway parking area in northern Belgium on Wednesday after the driver alerted the authorities, a federal police spokeswoman said.


  • A lineup of more than 600 influencers joined with nonprofit Arbor Day Foundation to start a reforestation movement sparked by a Reddit meme. 
  • YouTuber Jimmy Donaldson, or MrBeast, first started #TeamTrees when a fan challenged him to plant 20 million trees to celebrate reaching the 20 million subscriber milestone. 
  • In less than a week, the campaign has raised over 8 million, mostly thanks to small, individual donations from fans as well as a few bigger contributions like 1 million from Elon Musk.
  • Visit Business Insider`s homepage for more stories.

What started as a meme is now an international movement toward reforestation. 

When YouTube star Jimmy Donaldson ⁠— also known as MrBeast ⁠— hit 20 million subscribers on YouTube this May, a fan suggested there was something he could do to commemorate the milestone and "single handedly save earth" at the same time.

"Petition for MrBeast to plant 20 million trees for 20 million subscribers special," read the Lisa Simpson`s presentation meme posted to Reddit. 

Donaldson took notice, then connected with fellow YouTuber and former NASA engineer Mark Rober to come up with a plan to complete the challenge, said Reed Duchscher, Donaldson`s manager and president of the talent management firm Night Media. 

"They wouldn`t let it go," Donaldson said in a statement. "All my video comments were about trees!"

mr beast trees

Rober thought to enlist the help of nonprofit conservation organization Arbor Day Foundation, and five months later, the partnership known as #TeamTrees has grown to include "basically every digital creator you can think of," according to Duchscher.

The Arbor Day Foundation will use its international partnership network to plant 20 million trees in a year

Each dollar donated — over 8 million since its official launch on Friday, including a 1 million contribution from Elon Musk — funds the planting of one tree around the world, a process facilitated by the Arbor Day Foundation as part of its reforestation program.

"It`s right up our alley," Arbor Day Foundation VP Woody Nelson told Business Insider. "We work with partners around the globe and try to align those funds with projects that really need help."

Local partner organizations, as well as those from as far as South America, Europe, and Australia submit proposals to the foundation outlining their plans for planting. The foundation selects the ones with the greatest need to receive donations, Nelson said.

Fundraising will continue through December, then the first of the trees will be planted in January starting in warmer climates like Florida and Texas, Nelson said, and eventually reach every continent except Antarctica. Not all the trees will survive, but the Arbor Day Foundation predicts only a 3% mortality rate.

The foundation usually racks up big donations from other large organizations, but Nelson said working with the YouTube community means #TeamTrees is generating small contributions from a massive audience. 

"This is by far the fastest climb to 8 million in individual, single donations that the Arbor Day Foundation has ever seen," Nelson said. "Just to have it be so viral and to get so many small donations from individuals … it`s just making so many people feel really good."

`This is like the Avengers of YouTube`: Hundreds of influencers have joined the movement

Nelson credited the success of the campaign to YouTubers starting with Donaldson, who personally messaged content creators he knew — many from his YouTuber Battle Royale, Duchscher said — to explain the initiative and get them on board.

Influencers like Ninja,​ ​​Marshmello​, Jeffree Star​, ​Joey Graceffa​, ​and more have already announced their involvement with the project, and Duchscher said hundreds more will soon follow in order to keep the conversation going.

"This is like the Avengers of YouTube, if the Avengers planted trees," Rober said in a statement. 

While the movement started out as a "completely random" Reddit post, Duchscher said, #TeamTrees hopes it will continue to spark larger conversations about global issues like climate change.

"We know that planting two million trees isn`t going to save the environment, but it`s a step in the right direction," Duchscher said. 

SEE ALSO: Elon Musk casually tweeted that he`d donate 1 million to a tree-planting cause. Jack Dorsey and YouTube are following suit.

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NOW WATCH: Watch the 20 details you may have missed in the new trailer for `Birds of Prey`

ipad business man

  • Amazon Prime allows you to download between 15 and 25 Amazon Prime movies to your iPad at a time, depending on your region.  
  • To download a movie from Amazon Prime to your iPad, locate one in your Amazon Prime app. If you are able to download it with your Prime membership subscription, you`ll see a Download button on the right side of the screen. 
  • You can generally download individual episodes of a TV show or an entire season at a time. 
  • Visit Business Insider`s homepage for more stories.

Thanks to streaming video services like Amazon Prime and Netflix, the concept of needing to physically possess a movie — like on DVD or Blu-ray — is becoming obsolete. 

But while all you need is a Wi-Fi connection to watch a movie, sometimes Wi-Fi just isn`t available. If you know you`ll be somewhere without internet access, like an airplane or a cabin in the woods, you can plan ahead by downloading movies and TV shows to your iPad in advance. 

However, there are a couple of caveats. First, not all Amazon Prime content can be downloaded. To download something, it either needs to be an Amazon Prime title that`s included in the subscription, or something you`ve purchased. 

In addition, depending upon where you live, Amazon only allows you to download between 15 to 25 titles at a time. 

Check out the products mentioned in this article:

iPad (From 329.99 at Best Buy)

How to download movies from Amazon Prime on your iPad

1. Open the Amazon Prime app. 

2. Find the movie or TV show that you want to download and tap it. Then, depending upon what you want to download, you`ll have a few options.

3. If you want to download a movie, tap "Download" on the right side of the screen.

How to download movies from Amazon Prime to iPad

4. If it`s a TV show with multiple episodes, you have two options:

  • You can usually download an entire season at a time. If there`s more than one season available, select the season you want by tapping the season drop-down under the show`s picture, then tap "Download Season" on the right side of the screen. 

How to download movies from Amazon Prime to iPad

  • If you prefer, you can download just the episodes you want. Scroll down to the episode you want and tap the Download icon at the far right of the screen. 

How to download movies from Amazon Prime to iPad

How to find and watch a downloaded movie from Amazon Prime

After you`ve downloaded some content, tap "Downloads" at the very bottom of the screen. You`ll see the "Downloads" tab, which displays all of the content you have downloaded to your iPad. Select the show you want to watch. 

How to download movies from Amazon Prime to iPad

Related coverage from How To Do Everything: Tech

SEE ALSO: The best iPads you can buy

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NOW WATCH: How autopilot on an airplane works

When Yara Kabalan`s weekly coffee delivery arrived at her Beirut minimarket on Tuesday against the backdrop of nationwide protests that have shut banks, it was not business as usual.
A flying robot armed with a suite of microphones will roam through the space station and listen for any worrying clinks and clanks.
Emergency services cordoned off part of one of London`s busiest shopping streets on Wednesday after reports of a chemical spillage that led to one person being taken to hospital.
Saad al-Hariri is ready to return as prime minister of a new Lebanese government, a senior official familiar with his thinking said, on condition it includes technocrats and can quickly implement reforms to stave off economic collapse.
Altar of Mount Ebal. Source: Hoshvilim / CC BY-SA 4.0

A controversial researcher claims Jerusalem’s place “where God will choose to dwell” was not the famous Temple on Mount Moriah.

elon musk lyndon rive

  • Tesla shareholders filed a lawsuit against the company in 2016 alleging that CEO Elon Musk pushed the company to buy SolarCity to enrich himself. They say it was a breach of fiduciary duty.
  • Last Thursday, a bunch of depositions (including one of Musk) and documents included in the suit were published on the website PlainSite, an organization focused on transparency in the US judicial system. The Think Computer Foundation originally obtained the documents. 
  • Some documents show that SolarCity was facing a liquidity crisis when Tesla bought it, and that some Tesla board members had a lot to lose personally if the deal didn`t go through. The documents also show that the Tesla solar roof tile product unveiled to the public just before the acquisition was approved by the board didn`t work. 
  • An email from Musk included in the lawsuit shows that he pushed to move up the presentation of the solar tile to convince the board to approve the SolarCity acquisition.
  • "Latest feedback from major investors is very negative on SolarCity," Musk said in an email to Peter Rive, SolarCity`s co-founder, on September 16, 2016. "We need to show them what the integrated product looks like. They just don`t get it. Needs to happen before the vote, so maybe aim for October 28th for a joint solar roof and Powerwall 2 unveiling."
  • Musk`s lawyers have argued that he didn`t really control the process for buying SolarCity since he didn`t vote on the deal, and that the stockholders who voted on the deal were fully informed of what was going on at the two companies.
  • Tesla did not respond to multiple requests for comments for this story. 

In 2016, the empire that Elon Musk built to conquer Earth and space was in peril, but Musk stepped in with a potentially illegal plot to save it all and stick Tesla shareholders with the bill, shareholders argue in a lawsuit filed against Tesla. 

The lawsuit, originally filed in 2016, claims Tesla`s 2016 acquisition of SolarCity — which saddled Tesla with billions of dollars in debt and liabilities — was a breach of fiduciary duty on the part of Tesla`s CEO Elon Musk and the company`s board of directors. The plaintiffs also claim that Musk and other members of the board did all of this in order to enrich themselves and save SolarCity while hiding the company`s desperate financial condition. They were major shareholders, and SolarCity was helmed by Musk`s cousin Lyndon Rive.

Musk`s lawyers have argued that he didn`t really control the process for buying SolarCity since he didn`t vote on the deal, and that the stockholders who voted on the deal were fully informed of what was going on at the two companies. Tesla did not respond to multiple requests for comment on this matter.

On Thursday, a bunch of the lawsuit`s filings became public, including depositions with Musk, Tesla`s then-CFO Jason Wheeler and more players in the deal. The data dump also includes things like minutes of Tesla`s board of directors meetings, internal emails, and presentations that the bankers advising the deal gave outlining issues with SolarCity and the potential for synergy between the two companies.

According to these documents, the merger that Musk called a "no-brainer" appeared to be anything but. No other company was bidding to buy SolarCity — which at the time was helmed by Musk`s cousin, Lyndon Rive — and according to internal emails, it was also struggling to find financing for a 200 million bridge loan that it needed immediately.

"They claim other banks want into the SolarCity bridge," said Bank of America`s Ray Wood in one July 2016 internal email, "but we have no visibility... the reality of the problem is dawning on Elon." (Tesla announced its intention to do SolarCity the deal in June).

Here`s why things were looking so bad for SolarCity: In order to maintain the terms of its revolver, the company had to have 116 million in cash on hand at the end of the month every month. But as early as September 2015 there was an awareness that the company was going through a cash crisis, with its balance dropping to as low as 35 million in November, according to internal emails. At the same time, SolarCity also had a ton of capital expenditures, most critically at its Buffalo plant where it had to spend a certain amount or pay the state of New York over 600 million. 

By July 2016, after the deal was announced, the situation appeared more desperate. In one email to an unnamed person on July 9, Rive describes the company as "super low on cash" and said that he was worried about the "domino effect" if the company did not get the money it needs. 

Lyndon Rive email

Musk was also very aware of the cash situation before the acquisition. In an email dated Sept. 18, 2016, Musk sent a message to Brad Buss, the former finance chief at SolarCity, in which he said that one of the things SolarCity needs to do to persuade investors about a merger with Tesla was to solve the solar company`s liquidity crisis. 


SolarCity`s problems didn`t just matter to Musk because he was a shareholder and a board member of SolarCity, it mattered because the company`s fate was tied to SpaceX, a piece of his empire, according to the lawsuit.

Space X, Musk`s rocket company, had given SolarCity 165 million at the beginning of 2015, according to internal SolarCity emails filed as part of the lawsuit, and it was holding 77% of SolarCity`s bonds. In short, if SolarCity went down, it could take SpaceX with it. Tesla did not respond to a request for comment on the state of SolarCity`s finances at the time.

None of SolarCity`s problems had anything to do with Tesla shareholders, though. Aside from Musk, his brother Kimball and a few members of the board of directors who owned SolarCity stock, Tesla shareholders only had to worry about making cars. That`s why inside of Tesla the board of directors and the c-suite knew it could be an uphill battle to get shareholders to approve the deal. Board members were tasked with personally reaching out to individuals from big time shareholders like Fidelity to sway them, according to emails. 

But that didn`t seem like it was working by the fall of 2016, according to documents included in the lawsuit. Major investors like T-Rowe Price were still not backing the deal. 

In an internal email dated September 14, 2016, Todd Maron, Tesla`s former general counsel, described a conversation he had with T-Rowe Price about their doubts regarding the deal.

"They (T-Rowe) said what Tesla is trying to accomplish in the automotive space is very complex and to add SolarCity to the mix raises the operational and financial risk profile of the company, especially given SolarCity`s financial challenges as a company," Maron said in the email. 

So Musk gave them and other doubtful shareholders a reason to get onboard.

In late October 2016, Musk hosted a massive show on a Hollywood TV set, unveiling a product that didn`t yet exist — Tesla`s solar roof tile.

"Latest feedback from major investors is very negative on SolarCity," he said in an email to Peter Rive on September 16, 2016.  "We need to show them what the integrated product looks like. They just don`t get it. Needs to happen before the vote, so maybe aim for October 28th for a joint solar roof and Powerwall 2 unveiling."

Tesla`s then Chief Technical Officer JB Straubel was also included on this email. Tesla did not respond to Business Insider`s request for comment on its contents.

After seeing the solar tile, Tesla shareholders approved the deal in November.

A lot to lose, a lot to gain

Inside of SolarCity as early as the fall of 2015 there was an acknowledgment that 2016 would not be kind to the company`s business model. In an email to the company`s c-suite Tanguy Serra, SolarCity`s then-president laid it out pretty clearly. 

"Next year we are facing Silveo [SolarCity`s manufacturing plant], more commercial mix — so on a like for like basis it won`t be better," he wrote. 

That is part of why in June of 2016, the time of this deal`s announcement, Wall Street was scratching its head trying to understand exactly how it would do Tesla any good.

"...we are struggling to see brand, customer, channel, product or technology synergies," analysts at JP Morgan wrote at the time. "We do acknowledge that the acquirer`s easy access to capital markets might provide a low cost of capital option.... but we don`t see another cost synergies that weren`t already available to SolarCity via the close partnership."

This quote was included in a presentation Evercore gave to Tesla`s board of directors in July.

The board was not yet sold then in part because there were still a lot of questions about how much SolarCity would cost. According to emails between Evercore bankers and Tesla, filed as part of the lawsuit, Evercore founder Roger Altman said Tesla was pricing too generously and in one July 2nd email said directly: "Tesla shareholders might not like this." Meanwhile, Tesla`s board of directors wanted to see if there would be any other bidders for SolarCity. But there were none.

By October 2016, though, Tesla`s board was singing a different tune. In one October presentation by Tesla to proxy firms included in the lawsuit, it claimed that the deal would create 150 million worth of direct cost-saving synergies within the first year of the acquisition.

Five Tesla board members had a clear financial interest in getting this deal past the finish line, the lawsuit claims. Not only did they stand to lose a lot if SolarCity went under, but they had a lot to gain if it was saved at a premium (as it was), the suit claims. 

From the filings:

tesla board members with solarcity stock

In 2015 and 2016 Kimball Musk used his SolarCity shares as collateral on his personal loans, according to his deposition. If SolarCity had gone bust this would be a problem for him. But he testified that his personal loans had nothing to do with his support for the deal to have Tesla acquire SolarCity.

Lawyers for the defendants argued, according to the filing, that personal issues like this didn`t pose any kind of conflict of interest because the defendants are so rich. 

Raise the roof

According to multiple depositions, the solar roof tile that Musk presented in order to wow Tesla`s shareholders wasn`t actually a working product when it was unveiled. In Wheeler`s deposition, he was asked about that directly, and it went something like this:

Q: So I get a sense of timing — I know you knew it [solar roof tile] was a future nascent product by the time it was incorporated. Were you of that view before the merger agreement was signed, that.... there was no real project to model.

A: Yes, I think before it [the acquisition deal] was signed that`s what I was thinking. 

In his deposition, SolarCity`s President of Global Sales, Tobey Corey, said that the roof Tesla unveiled in its presentation was not connected to a grid of any kind while it was being presented. He also said he couldn`t remember if Tesla ever sold a roof either.

"I don`t recall selling any," he said, though he said he recalled that some roof tiles were being installed after the presentation.

"More than five," asked the attorney questioning him.

"I honestly couldn`t tell you," Corey responded. "It wasn`t a lot but I recall hearing of installations that were occurring. I know that Elon got his system installed... I believe there were others I don`t remember the exact number." 

Tesla did not respond to Business Insider`s request for comment on Corey`s deposition, on how many solar roof tiles have been sold, or on how many have been installed since the presentation.

You can place an order for version three from Tesla`s website if you want, but as Bethanny McLean reported in Vanity Fair last month, some people have done that before only to have their deposits sit at Tesla as their roofs never materialized.

Last Friday, a day after the documents related to this lawsuit went public, Tesla held a phone call announcing that it had developed a version three of the product that would work beautifully. The call, however, was light on details and it was not a live event like the unveiling of the first solar roof tile. No Hollywood set. Tesla did not respond to Business Insider`s request for comment on whether or not the product was ready for use.

SEE ALSO: Elon Musk just kicked his shareholders in the teeth

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NOW WATCH: 8 weird robots NASA wants to send to space

Jay Carney

Amazon`s top spokesman has apologized after calling Major League Baseball umpires "a bunch of overweight, diabetic, half-blind geriatrics" in a tweet. 

Carney, who is Amazon`s public policy and communications chief, said Wednesday that he "went too far" in his criticism of the umpires. 

I went too far criticizing the @mlb umps on Twitter last night. The call was horrendous, but my reaction was unnecessarily unkind and personal. I apologize.

— Jay Carney (@JayCarney) October 30, 2019

"I went too far criticizing the @mlb umps on Twitter last night," Carney tweeted. "The call was horrendous, but my reaction was unnecessarily unkind and personal. I apologize."

Carney`s apology likely referred to the searing tweet he posted Tuesday evening during Game 6 of the World Series saying: "What a disgrace for the @mlb. The entire ump crew is a bunch of overweight, diabetic, half-blind geriatrics. Bring in the machines!!"

What a disgrace for the @mlb. The entire ump crew is a bunch of overweight, diabetic, half-blind geriatrics. Bring in the machines!!

— Jay Carney (@JayCarney) October 30, 2019

The "machines" he`s referring to are robotic umpires. Support is growing for the use of computers during baseball games that can call strikes and reduce the possibility of human error.

In an earlier tweet on Tuesday, Carney wrote, "I know umps are human and make mistakes, but this #WorldSeries is running proof for why the game needs an electronic eye calling balls and strikes. So many appallingly bad calls."

Amazon did not immediately return a request for comment

SEE ALSO: Amazon`s top spokesman says his attacks against the Trump administration were his `personal views` after Donald Trump Jr. calls him out on Twitter

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NOW WATCH: At its peak, Forever 21 made 4.4 billion in revenue. Here`s what led to the brand`s downfall and bankruptcy.

Lauren Brown Quartz

  • Lauren Brown, 37, died Tuesday from cancer.
  • Brown was one of the founding editors at digital media company Quartz and previously worked at Business Insider as a contributors editor.
  • Friends and coworkers remembered Brown`s work to promote and mentor women and people of color in newsrooms. Kevin Delaney, the founding editor of Quartz, said Brown was the most requested staffer for Quartz`s mentorship program.
  • Visit Business Insider`s homepage for more stories.

Lauren Brown, a founding editor of digital media publication Quartz and a former staffer at Business Insider, died of cancer on Tuesday. She was 37.

Brown worked at Business Insider from 2011 to 2012 as a contributors editor before joining Quartz as one of the site`s founding editors. At Quartz, she was the first deputy editor of Ideas, Quartz`s contributor section. Most recently, she was director of special projects, working with Quartz`s editorial, design and marketing teams on big journalistic projects like a hardcover book about the global economy and a podcast about technology`s impact on humanity.

Prior to Business Insider, Brown worked at WorldNow, Movmnt Magazine, and John Wiley & Sons.

Brown received her master`s degree from Columbia`s School of Journalism in 2011. She received her undergraduate degree from Cornell University, where she majored in English and history.

"Lauren was a passionate, entrepreneurial journalist — a force in the newsroom," said Nicholas Carlson, global editor in chief of Insider. "She was also a kind person, ready to help Business Insider and her former colleagues even after she left the company. We are so sad for her family and friends."

In a memo sent to staff on Tuesday, Quartz CEO and cofounder Zach Seward said Brown would be most remembered for her mentorship in the newsroom.

"She was passionate about championing the voices of women and people of color, and made it a focus of her work at Quartz over more than seven years," Seward wrote. "Within the company, she also served as a mentor and advocate for so many of her women colleagues. That fight for underrepresented voices will be her strongest legacy at Quartz."

Over the years, Brown also recounted her own experience with breast cancer in stories that broke the fourth wall for Quartz, Seward added. In 2015, for example, she wrote about ducking into a supply closet at work to take a call from her doctor about her diagnosis.

Kevin Delaney, the founding editor of Quartz who is stepping down this month to move into an advisor role, said that Brown was the most requested staffer in Quartz`s mentorship program. 

"Many new people at Quartz found Lauren intimidating when they first met her," he wrote in a Quartz article about Brown. "She was focused and intense, and would freely let them know of her high standards. Then, not long after, she would invite them to lunch, or send them a message complimenting their work, or offer her help — and they realized she was on their side the whole time."

S. Mitra Kalita, SVP of news, opinion and programming at CNN, hired Brown and published a Medium post on Tuesday that detailed Brown`s personality in and out of the office.

"Lauren approached everything with empathy: Editing, commissioning, conversations at work, or in her personal life," Kalita said. "But that hardly made her a pushover. She was super demanding and instituted processes that enabled creativity. I don`t know if we celebrate those enablers enough."

Join the conversation about this story »

Robots might be able to navigate unfamiliar environments if they copy what we do.
AlphaStar cooperated with itself to learn new strategies for conquering the popular galactic warfare game.

1906 Pitch Deck

  • Cannabis edibles brand 1906 closed an 18 million funding round led by Navy Capital.
  • The funding round brings the company`s valuation to between 40 and 50 million.
  • In an interview with Business Insider, 1906 CEO Peter Barsoom discussed some of the challenges around raising capital for cannabis companies in the private market, why he wants to expand eastward, and the benefits of keeping a lean team. 
  • Barsoom gave Business Insider an exclusive look at the pitch deck that 1906 just used to raise the funds. Read on to see the full deck.
  • Click here for more BI Prime stories, and subscribe to our weekly cannabis newsletter, Cultivated

Raising money in the cannabis industry is hard. Peter Barsoom, the CEO of 1906 — a Colorado-based cannabis edibles brand — can attest to that.

His company closed an 18 million funding round on Tuesday, bringing the infused-chocolate maker`s valuation to between 40 and 50 million, the company said. The round was led by Navy Capital, a cannabis-focused fund in New York City, and included a range of high-net-worth individuals and repeat investors.

Barsoom shared the pitch deck that he used to raise this round exclusively with Business Insider. You can scroll down to see the full deck.

Peter Barsoom

Barsoom, who came to cannabis after working in senior roles across Morgan Stanley, Merrill Lynch, and Blue Mountain Capital, said it took seven months to close the funding round.

"We did see headwinds like anybody in the cannabis space," Barsoom told Business Insider over the phone. "The fallout from the IPO bubble happened fast and furious."

Once plentiful, at least at the early stages, growth capital has slowly dried up for cannabis companies as public companies in the sector have seen their share prices crater. That`s made venture investors wary of startups in the space, Barsoom said.

"I think that many companies went out to the public markets thinking that capital was infinite and time horizons were infinite," says Barsoom. "So I think what we`re seeing today is likely to be the Pets.com and the Webvans of the cannabis space."

For that reason, Barsoom said he`s focused on keeping 1906 private — for now.

"The right set of capital that needs to fund this industry is growth capital, and not necessarily public market capital. So there was a mismatch that led to a bubble and sharp decline," says Barsoom.

But for long-term investors, Barsoom says the thesis holds that cannabis "is one of the most exciting and fastest-growing segments of the economy that anybody has witnessed in our history."

1906 is using the fresh funding to expand to the East Coast

This latest funding round builds on 1906`s pre-revenue raise in 2016 when the company raised 2.7 million.

With the fresh capital, Barsoom is looking to expand 1906`s low-dose THC and CBD infused chocolates to new state markets, including Michigan, Illinois, and Massachusetts — states where he says the company can generate the highest return on invested capital.

"California is a crowded market," Barsoom said. "I`m from the East Coast. We think our brand has a strong resonance with East Coast consumers and has an East Coast sensibility."

To that end, 1906 released a line of "Drops," or pressed tablets that contain low doses of THC and CBD, as an alternative to the company`s infused chocolates.

1906 isn`t the only company to release a line of infused tablets. Cannabis startup Dosist — which is known for its vapes — released tablets in October as well. 

And despite the expansion plans, Barsoom says he believes in running a "lean team."

"We`ve seen — literally in the last week or two — hundreds of layoffs in the industry, where companies have unfortunately overextended themselves with hiring and that has resulted in a pretty significant pullback," says Barsoom. "We`re focused on disciplined growth, adding people where critical and staying lean, and kind of finally not overextending ourselves."

See the pitch deck that 1906 used to raise 18 million below: 

Barsoom said he liked the idea of edibles where the outcome and effects are tightly controlled.

"You don`t want to play Russian Roulette with a substance when you have no idea when it`s going to hit, or how long its going to last," says Barsoom.

Despite the challenges around being a "plant-touching" company, Barsoom says the "growth and true returns" are going to come from consumer brands.

Barsoom said he wants to bring an "East Coast" sensibility to 1906`s product offerings.

"What we fundamentally believe is that most consumers want to use cannabis because of the specific functional benefit that it gives, whether it be relief from pain, help with anxiety, sleep, or energy," says Barsoom.

U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the Trump administration is keeping a list of Turkish sanctions targets ready if needed, but so far is pleased with the ceasefire in Syria that caused prior sanctions to be lifted.
Turkey condemned a decision by the U.S. House of Representatives to recognize the mass killings of Armenians by the Ottoman Empire as genocide, saying on Wednesday it would damage the "critical" relationship between the NATO allies.

Salma Al Hariri (Photo: Ahmed Ashkor/Startup Scene/MO4 Network)

“A million dollars isn’t cool. You know what’s cool? A billion dollars,” Justin Timberlake famously quipped in his role as real-life tech entrepreneur Sean Parker in the critically-lauded biographical drama The Social Network (2010), which dramatizes the inception and rise of Facebook. The film cemented Mark Zuckerberg as a cultural icon, launching him into the global consciousness as the quirky techie with a head for business. 

A few months after the movie’s initial release, protests erupted across the Middle East and North Africa, people in Egypt, Tunisia, Libya, Syria, Bahrain, and Yemen were taking to the streets to topple autocrats and demand political change. And although most Arab Spring countries have slipped back into their old chains, a new revolution sprung from the historic protests: the MENA region’s startup movement. 

It was in these little business nodes scattered across Cairo that many were proselytized into Zuckerberg’s irreverent and disruptive brand of entrepreneurship, despite the film’s unfavorable portrayal of the billionaire. And just like that, The Social Network, inadvertently mainstreamed ruthless pragmatism in Egypt’s budding startup ecosystem, which is slowly drifting away from its initially socially-conscious mission as an offshoot of a regional protest movement.

Working to correct the movement’s course is Salma El Hariri, the Egyptian business maverick and Silicon Valley veteran behind the Vested Summit, Egypt’s and the world’s first conscious tech conference. The annual gathering, launched last year, is aimed at building ethical ecosystems to empower startups and enterprises working to solve global developmental issues—from climate change, to world hunger—using technology. “Big problems need and deserve big attention, big money, big talent, and this is the power of conscious tech. The power of consciousness is when you apply the very best business models that are sustainable, and you have conscious founders, then you watch magic happen because you can potentially eradicate these problems from the very root,” she tells Egyptian Streets. 

The Vested Summit’s 2nd annual edition, set to take place in the scenic Red Sea resort town of Sahl Hasheesh from November 9th through to the 11th, will feature talks, workshops, fireside chats, panel discussions, and pitches in three difference tracks: tech, investment, and superpowers. The latter focuses on spiritual healing and consciousness.    

This year’s Vested Summit will see some of the world’s top experts give talks in their respective fields, including National Geographic’s Jason Silva, World Economic Forum Global Shaper Basima Abdulrahman, and MIT Robotics and AI professor and consultant Nikolaos Mavridis. 

The initiative was years in the making, tracing its inception back to Hariri’s protesting days in Tahrir Square and years in Silicon Valley, where she relocated following Egypt’s 2011 uprising. 

“The more I stayed in the Valley, the more it disappointed me because it is all of this potential and technology and then you find someone inventing a smart sock to find its pair in the washing machine—all of these 1st world problems,” she jokes. “You would find the brightest minds and all of these advanced and exponential technologies not being applied [to solve] problems that are actually existing today…what about the people that don’t have access to healthcare and education? What about where I come from?”

To address the issues that hit close to home for her, Hariri launched PitMe Labs, an accelerator focused on MENA startups, in 2013 to secure mentorships and investment and business development opportunities. “I am proud to have been one of the very very first people to put Middle East innovation on the Silicon Valley map because, at that time, the only conversation when you say you are from the Middle East or Egypt was, is it stable? Is it safe? Are you guys not riding camels anymore?” She remarks.

But conversations didn’t always translate to awareness, and Hariri realized it wasn’t enough to grant access to a select few startups from the region, which inspired her to move back to Egypt in 2015 to help develop the ecosystem from the ground up. “I would go to a lot of hubs for training, Sohag, Zaqazeeq, Mansoura, Beni Suef, etc. and I would find very bright techies that are very talented, that want to work on [solutions to the developmental issues facing Egypt], they just lack access to the tools, the knowhow, the investment opportunities, they lack the access that Silicon Valley basically has,” she recounts. “A founder over there just comes up with an idea overnight and [they get] angel investment opportunities, exposure, and media, but a person living here, or happens to be born elsewhere, doesn’t have the same access. It’s just not fair. I had to do something about it.”

In her search for answers and solutions to Egypt’s stunted growth, Hariri and her team of researchers and co-founders stumbled upon the truth: the fundamentally inequitable and skewed structure of Egypt’s startup ecosystem, and its many class barriers. “There is definitely a class issue … [Investors] say they want innovation, but when something super innovative comes their way, they’re like, oh [these kids] don’t have the Ivy League stamp and they’re not that well educated, so it’s probably not going to work out,” she explains. “People in Silicon Valley and the elites in our societies do not have the motive to solve these [developmental issues] or address them because they’re not aware of them, they’re not living them, it’s not part of their reality, so you need to empower those that are actually living these problems and are motivated to solve them.” 

Hariri founded the Vested Summit to address these very issues, with itineraries specifically designed to motivate, inspire, and champion the underdogs, those who feel least represented in Egypt’s startup scene. “I have been seeing some very very bright kids, people who are self-taught, who spend hours teaching themselves something, wether it is AI, VR, or AR, they’re just super curious about the future,” she says. “We exist to give them a podium, to give them a place to shine, and a place where they can really innovate and help address these problems. Let us worry about the rest, about the funding and the legalities and so on.” 

With startup culture’s alarming rapprochement with the global establishment—most shining example is Facebook’s repeated data and misinformation scandals, can the movement maintain its moral luster? Can it keep its grand promises to those who were lured into entrepreneurship as an alternative to the 9-to-5 existence, to those who consider it more of a lifestyle choice complemented by some The Social Network-inspired mannerisms, as opposed to a desire to innovate and pioneer? “People talk about innovation as if their opinions were facts, and because we don’t have critical thinking, these kids come to these events and they think that that’s what they need to do, the experts told them go and start a business, so maybe I should be doing that,” she remarks. “I always say, meet me on the technology road, at the corner between passion and purpose. So if it’s not your passion, and you don’t feel it in your heart, then it’s not adding meaning to you, you shouldn’t be doing it.” 

In the age of moral absolutism and call-out culture, Hariri’s work and that of other socially conscious entrepreneurs around the world may not be radical enough to some, but it sure is progressive. Can community-based business, ethical enterprise, and conscious tech unmake the world’s structures of inequality? Can they make a million dollars cooler than a billion dollars? Hariri believes they can. “We ask our investors, what have pursuits of money done for people? After a while, it’s not fulfilling anymore, and I think capitalism is dying in that sense, people are realizing that more of something does not yield more happiness,” she says. “People work jobs they hate and careers they’re struggling with, building from a place of fear…and it’s fueled by capitalism, it’s kind of like an energy exchange between the two. We need to raise people’s vibrations, awareness and energy levels to a more loving place.”

When Hans Schulze was imprisoned in Communist East Germany back in the 1980s, he never thought he`d ever return once he got out. But now he regularly unlocks his old cell door to show tourists what life was like in a jail run by the Stasi secret police.
Chile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease trade tensions hurting the global economy, as raging street protests gripping the South American country.

iPad 2018

  • You can disable Screen Recording on your iPad and remove it from your Control Center, which is a great option to avoid activating it accidentally.
  • To disable Screen Recording on your iPad, go to the Screen Time section of the Settings app.
  • If Screen Recording is in the Control Center, you can remove its icon from the Settings app as well. 
  • Visit Business Insider`s homepage for more stories.

The Screen Recording tool is a convenient way to record a video of your iPad`s screen. You might do this to make a software tutorial, or to capture moments from a game. 

But you might not want Screen Recording to be available. Certain apps with copyrighted content might require you to disable Screen Recording, for example. Or you might simply prefer to not activate the feature accidentally, or reclaim the space it`s using in the Control Center. 

Whatever your reasoning for turning it off, here`s now to disable Screen Recording on your iPad.

Check out the products mentioned in this article:

Apple iPad - 32GB (from 459.99 at Best Buy)

How to disable Screen Recording on your iPad

1. Start the Settings app and tap "Screen Time."

2. If you`re not currently using Screen Time, tap "Turn On Screen Time" and then follow the instructions to enable this feature for the first time.

3. On the Screen Time settings page, tap "Content & Privacy Restrictions."

recording 2

4. Tap "Content Restrictions."

5. Tap "Screen Recording."

6. Tap "Don`t Allow."

recording 3

This feature is now completely disabled. If you had the Screen Recording button in your Control Center, it will still be there, just grayed out so you can`t select it.

How to remove the Screen Recording icon from your iPad`s Control Center

If the Screen Recording button appears in the Control Center when you pull it down from the top-right of the iPad`s screen, you can easily remove it — whether or not you`ve disabled the feature in Settings. 

1. Start the Settings app and then tap "Control Center."

2. Tap "Customize Controls."

3. You should see Screen Recording at the top of the screen in the "Include" section. To remove it, tap the red minus sign and then tap "Remove."

recording 4

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best iPad cases you can buy

Join the conversation about this story »

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  • The PS4 Pro does play 4K games, as well as 4K videos and movies, if it`s connected to a 4K-compatible display.
  • However, the PS4 Pro doesn`t support 4K UHD Blu-rays — only regular HD and 3D Blu-rays, as well as ordinary DVDs.
  • To get a true 4K experience on your PS4 Pro, every part of your setup needs to be 4K-compatible, including your HDMI cable. 
  • Visit Business Insider`s homepage for more stories.

One of the most important differences between the original PS4 and the PS4 Pro is that the Pro version supports 4K video. When connected to a 4K display, a PS4 Pro can play games and stream movies at 4K UHD resolution, which is 3840 by 2160 pixels — much higher than standard HD. 

Even so, the PS4 Pro isn`t a full-featured 4K player, as it can`t play 4K Blu-ray discs. This was a tactical decision on Sony`s part, which realized that fewer and fewer people watch movies on physical media nowadays

Seeing as how DVD and Blu-ray sales have dropped dramatically in the last half-decade, it`s unlikely that PS4 consoles will be updated to play 4K discs. 

Check out the products mentioned in this article:

PlayStation 4 Pro (From 399.99 at Best Buy)

Samsung 50-inch 4K TV (From 349.99 at Best Buy)

How to play 4K content on the PS4 Pro

As long as your system is fully 4K compatible, your PS4 Pro should automatically play games and movies in 4K by default, without any setup. Here`s what that involves:

  • The PS4 Pro needs to be connected to a 4K television or monitor.
  • The connection between the PS4 Pro and TV needs to be using a High Speed or Premium High Speed HDMI cable. A standard HDMI cable might not be able to carry the 4K signal. 
  • Make sure that the HDMI input on your TV or monitor supports 4K. If your display has multiple HDMI inputs, it`s possible that not all of them can handle 4K video. You may need to check your display`s user guide if the ports themselves aren`t clearly marked.

On your PS4 Pro, make sure it`s configured for 4K:

1. Using the controller, select "Settings."

2. Select "Sound and Screen."

4k 1

3. Select "Video Output Settings."

4. Select "Resolution."

5. Make sure that "Automatic" is selected. If your display or cable isn`t fully 4K compatible, you`ll see that the 2160p options (this is 4K video) will be marked as "unsupported." On a PS4 Pro, this feature will be enabled, and you should select it. 

4k 2

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best 4K TVs you can buy

Join the conversation about this story »

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Irish Prime Minister Leo Varadkar on Wednesday said he would not call an election this year due to the continued risk of a chaotic British exit from the European Union.
Chile has withdrawn as host of an APEC trade summit in November where the United States and China had been expected to take major steps toward ending a 15-month-old trade war that has slowed world economic growth.

game of thrones

  • AT&T has sacrificed HBO at the altar of HBO Max.
  • The telecom giant announced on Tuesday that it would charge the same price for HBO Max as it charges for HBO`s streaming service today.
  • HBO Max will have the full HBO library, plus programming from other WarnerMedia properties, and licensed content from outside studios.
  • When HBO Max launches in May 2020, there will no longer be a compelling reason to subscribe directly to HBO.
  • "Why wouldn`t you want twice the content for the same price?" John Stankey, CEO of WarnerMedia and AT&T`s president and chief operating officer, said at the event.
  • Visit Business Insider`s homepage for more stories.

AT&T has sacrificed HBO at the altar of HBO Max.

The telecom giant unveiled the forthcoming streaming service — the centerpiece of its streaming-video strategy and the fruition of its 81 billion acquisition of Time Warner — at an investor presentation on the Warner Bros. lot in Burbank, California on Tuesday.

The company announced it would charge 15 per month to subscribe to HBO Max, the same price it currently charges for HBO`s standalone streaming service, HBO Now.

When HBO Max launches in May 2020, there will no longer be a compelling reason to subscribe directly to HBO.

HBO Max will hold HBO`s entire premium library of movies, TV shows, and specials, from "Band of Brothers" to "Game of Thrones." It will also have programming from other WarnerMedia brands like Warner Bros. and TBS, licensed shows like "Friends" and "South Park," and original movies that are being created for the service. Nearly 70 original series are due to debut on the platform next year.

"Why wouldn`t you want twice the content for the same price?" John Stankey, CEO of WarnerMedia and AT&T`s president and chief operating officer, said at the event.

Stankey said he will be looking at whether subscribers sign up for HBO Now over Max as an "I.Q. test."

HBO will remain an independent network, led by its programming president Casey Bloys. ("Casey`s job in life here is to make sure that the HBO brand and what it stands for remains intact as it`s been know for all time," Stankey said.)

But all of HBO`s new programming, including more than 30 series next year, will also go on HBO Max.

It`ll be surrounded on the platform by children`s cartoons, teen dramas, DC Universe movies, prank shows, and lots of other kinds of TV shows and movies. In short, HBO Max will start to look more like Netflix than HBO.

AT&T is trying its best to lure HBO`s existing subscribers to HBO Max. HBO Now subscribers will get free access to Max. The 10 million HBO subscribers who access the network through AT&T will also get Max for free. And the company is in talks with other distributors to offer similar deals.

HBO`s internal culture is also going through a transformation. Key members of the old guard who built the network into a premium-TV powerhouse have left the company since it was acquired by AT&T, including longtime CEO Richard Plepler.

In time, the HBO brand may become more synonymous with the Max platform than premium-TV network`s boundary-pushing comedies and prestige dramas.

Join the conversation about this story »

NOW WATCH: Behind the scenes with Shepard Smith — the Fox News star who just announced his resignation from the network

ipad mini

  • You can remove your password from an iPad in a few steps through its Settings app, and it`s easily reversible if you ever want to add more security again.
  • If your iPad is seldom in the hands of other people, you can save yourself some time by removing the password that keeps the tablet locked.
  • Keep in mind that without a password protecting it, anyone who gets their hands on your iPad will be able to access any sensitive data stored on your device. 
  • Visit Business Insider`s homepage for more stories.

Are you tired of tapping in your multi-digit passcode each and every time you open up your iPad

If your iPad is often in a public place, a busy office, a college classroom, or really anywhere but inside your own home, you should probably just leave the passcode in place. 

Once unlocked, anyone using your iPad may be able to access your bank, credit, or PayPal account, send emails, texts, or social media messages posing as you, steal documents and files, and generally just mess things up for you. 

On the other hand, if your iPad is always safe at home or tucked away in a bag on your person (or locked in a safe or protected by armed guard and so on) then go ahead and remove the iPad passcode to save yourself some time.

Check out the products mentioned in this article:

iPad (From 329.99 at Best Buy)

How to remove your iPad password

1. Launch the Settings app and tap on "Touch ID & Passcode."

How to remove password from iPad

2. Put in your passcode to enter this sensitive menu.

3. Tap "Turn Passcode Off."

How to remove password from iPad

4. Tap "Turn Off" to confirm.

How to remove password from iPad

And do take heed of the warning Apple includes with this action, which warns that any Apple Pay cards you have set up will be removed and that if you forget your Apple ID password you can`t use your passcode to reset it. 

Related coverage from How To Do Everything: Tech:

SEE ALSO: The best iPads you can buy

Join the conversation about this story »

NOW WATCH: Watch Google reveal the new Nest Mini, which is an updated Home Mini

Jeff Bezos Sad

  • Amazon Web Services is considered the leader in the cloud industry, but it lost the 10 billion Joint Enterprise Defense Infrastructure (JEDI) contract with the Pentagon to Microsoft.
  • Experts say that it shows that the market could see both AWS and Microsoft as cloud players at the same level — and that it could serve as a "wake-up call" for Amazon. 
  • Amazon could still "swoop in," an expert says, if Microsoft is somehow unable to fulfill the terms of the contract. The deal is up for renewal in 2 years, and twice after that, so the Department of Defense has a clear path to rethink its choice if it comes to it.
  • Experts also say politics played a role: President Donald Trump reportedly said he wanted to "screw Amazon` out of the contract, and had voiced his skepticism of the deal award process in public.
  • Click here for more BI Prime stories.

Amazon lost a 10 billion cloud computing contract to Microsoft in a surprise upset. In the aftermath, experts say it means that Amazon Web Services, long the dominant player in the cloud computing space, has to acknowledge Microsoft as an equal for the very first time. 

This contract, called the Joint Enterprise Defense Infrastructure contract, is a 10-year project to move sensitive Department of Defense data to the cloud. Amazon was widely seen as the frontrunner, given its position as the top cloud provider on the market, and its history handling sensitive government information. Indeed, Amazon in 2013 won a major 600 million contract to work with the CIA.

Which makes it all the more noteworthy for Amazon. While it doesn`t change the fact that Amazon still leads the market in terms of share, losing this deal is an unmistakable sign that Microsoft has become a more powerful competitor.

"It`s a black eye for Bezos and Amazon," Ives told Business Insider. "It`s their first major setback for cloud in the last decade...Right now for them, it`s a bit of a wake up call in how aggressive Microsoft has become in going after the cloud opportunity for the next five years. They`re not just stopping at JEDI."

More than that, it could serve as a "wake up call" to Amazon Web Services that it and Microsoft Azure are, at least technologically, playing at the same level, for the same customers, Ives said. 

"This JEDI award in my opinion reflects a pivotal moment where the market`s perception could see these two players at parity," Daniel Newman, principal analyst and founding partner of Futurum Research, told Business Insider. 

Amazon has yet to say whether it plans to challenge the decision. A source familiar with the matter said AWS is "still evaluating options," but didn`t disclose what those options may be.

For AWS it`s going to be `business as usual`

The Pentagon may have selected Microsoft for JEDI, but experts say it`s only the beginning of a new phase of the competition with Amazon Web Services.

"What I see is the two companies becoming even more competitive," Newman, the Futurum Research analyst, said. "When there`s a lot of competition, ultimately the market wins."

Given the size of the contract, many experts expect Amazon to choose to take some kind of action on the JEDI award. Still, it`s no sure thing that any protest will be successful, and Microsoft could very well end up still holding the deal when all the dust has settled.

But with or without JEDI, analysts say that Amazon remains the leader in the cloud industry and will continue to stay successful in the government sector. What`s more, there will still be plenty of opportunities to help the government move to the cloud in the next decade, and Amazon`s offering there is as strong as ever.

"For AWS it`s going to be business as usual," Newman said. "AWS still has a significant federal business. They also have an extremely successful enterprise business. I don`t see them going down any significant market share without a fight."

AWS can `swoop in`

At the same time, Amazon could hypothetically still end up with the JEDI contract, whether or not it files an official appeal.

Amazon Web Services was widely considered the favorite to win the JEDI deal in the first place, largely because of its higher security clearances and its experience in working with the CIA`s classified data. That could still come into play: While the JEDI contract only requires Microsoft to hold Impact Level 5 security clearance, which it does, if at any time it turns out that the higher Impact Level 6 is required, Amazon is the only one that fits the bill. 

Indeed, Amazon`s clearances put it in a prime position if Microsoft for some reason cannot fulfill the contract`s requirements, says Renee Murphy, principal analyst at Forrester.

"AWS can swoop in and say, `We`re already here,`" Murphy told Business Insider. "They`re already that secure, and they already work with those kind of datasets. They`re already secure for that kind of regulation. It made perfect sense for DoD to work with them."

The Department of Defense would be perfectly within its rights to make such a move, as well. While Microsoft stands to make 10 billion over the course of 10 years under the JEDI contract, that`s actually the maximum payout, dependent on the department`s actual use of the cloud tech. 

The minimum guarantee of the JEDI deal is that the DoD will pay 1 million to Microsoft over 2 years. The Department of Defense has the option to renew the contract three times and has said it will "rigorously review contract performance" before doing so. Should Microsoft be unable to step up, that leaves the door open for Amazon. 

Politics `clouded` the JEDI process

As hinted at in Amazon`s statement, politics, lawsuits, and President Donald Trump himself cast a long shadow over the JEDI deal. 

Amazon is the subject of antitrust scrutiny, with prominent Democrats like presidential candidate Sen. Elizabeth Warren calling for the retailer and other Big Tech giants to be broken up.

And more particularly, Oracle, an eliminated bidder for the JEDI deal, filed several protests during the process, arguing in an ultimately-failed lawsuit that the bidding process was "riddled with improprieties" and that the Pentagon set unfair criteria. 

Finally, Trump reportedly wanted to "scuttle" the bidding process for JEDI, for fear that Amazon Web Services might win. Trump has publicly feuded with Amazon CEO Jeff Bezos, who owns the Washington Post, which has published coverage critical of the president. A forthcoming book also says that last year, Trump ordered former Defense Secretary James Mattis to "screw Amazon" out of the deal.

"It`s a unique situation in terms of what we saw with JEDI," Ives said. "It`s no secret that Trump and Bezos are not playing golf together. I think it definitely further clouded the whole situation."

Still, several experts have told Business Insider that the Trump factor in the JEDI decision may have been overrated by some — which is bad for Amazon, in the sense that it means that Microsoft won on the merits, but good in the sense that it means it likely doesn`t have to worry about presidential intervention in future deals. That means that the public sector remains a huge opportunity for Amazon, and its dominance of the cloud market is unperturbed.

"It`s a tough loss," Alex Zukin, managing director at RBC Capital Markets, told Business Insider. "I don`t think the loss is a finality. It`s not good signaling to the market today…but this is a very large market opportunity and we are in the early innings. I don`t think it`s a meaningful blow to AWS in any way."

SEE ALSO: Microsoft just scored a huge upset over Amazon by winning the fierce battle over the 10 billion JEDI contract

Join the conversation about this story »

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  • High-quality home projector screens maintain a wrinkle-free surface, are easy to set up with the help of a friend, and enhance picture quality.
  • The Silver Ticket 4K Ultra HD Ready Projector Screen is our top pick because it is made of heavy-duty materials, comes in an array of styles, and is available for less than 200.

For the past three years, I have not had a television. No, I`m not some pretentious hipster. Well, maybe I am but not in that way. Instead of using a television, I have relied on a cost-effective Acer projector and a large, white wall for watching movies and shows. For much less than the price of your average 55-inch LED flat-screen TV, I had what amounted to a 120-inch screen with impressive picture quality. And, the image quality only improves when you use a home theater projector screen.

Whether you are going for the movie theater experience in your living room, want your backyard to be the go-to place for outdoor summer movies, or just don`t want to shell out the big bucks for a large flat-screen TV, home projector screens are a must.

The most popular projector screens come in a 16:9 aspect ratio. This basically means there is 16 inches of width for every 9 inches of height, and 16:9 is the standard ratio for most video projectors and TV shows. On the other hand, if you are solely interested in the widescreen movie theater experience, then a 2.35:1 ratio might be preferable. There are fewer screens available in this ratio. Fortunately, our top pick is one of them.

Screens are measured along their diagonal. So, a 100-inch screen has a screen that measures 100 inches from the top left to the bottom right (or bottom left to top right). This doesn`t really tell you if the screen will fit in your home theater. We recommend digging a little deeper to find out the width and height of the screen to visualize how it will fit. Keep in mind that you`ll likely want the bottom of your screen to be at least a couple of feet off the ground.

When shopping for projector screens, you will hear about gain and viewing angle. The material used to make the screen will have a big impact on these values. For the most part, you want a screen with a gain rating as close to 1 as possible. This means that it reflects the same amount of light as a uniformly reflecting surface. Projectors with higher gains may have poor uniformity and hot spots. Viewing angle tells you the maximum angle at which the display is viewable. Most screens we researched have a 160-degree viewing angle, which should be plenty for a home theater.

While researching the best home projector screens, we examined hundreds of buyer and expert ratings and reviews of countless units. Our guide features screens that anyone can put together, have a track record of durability, and produce clear images.

Here are the best home projector screens you can buy:

Updated on 10/30/2019 by Monica Chin: Updated pricing, links, and formatting.

The best screen overall

The Silver Ticket 4K Ultra HD Ready Projector Screen approaches the quality of screens 10 times its price while still offering easy assembly.

The Silver Ticket 4K Ultra HD Ready Projector Screen utilizes a tension design that keeps the screen from wrinkling. Wrinkles are to be avoided at all costs since they can cause shadows and negatively impact picture quality. Silver Ticket makes assembly effortless with step-by-step instructions as well as videos.

The screen has a 2 3/8-inch border of black velvet, which is used to absorb light and improve the viewing experience. The viewing angle of the screen is 160 degrees and provides a 1.1 gain to make your movies easier to see even when there is ambient light.

The Silver Ticket Projector Screen comes in five colors: White, Grey, High Contrast, Silver, and Woven Acoustic. There are also 2:35:1, 16:9, and 16:10 aspect ratios and sizes ranging from 92 inches to 200 inches.

Several expert sites recommend the Silver Ticket 4K Ultra HD Ready Projector Screen as the best screen available, including Extensively Reviewed and Best Reviews. It`s The Wirecutter`s pick because it looks nice, is affordable and easy to assemble, and it produced good image quality with minimal tint in their tests.

The review at High Def Digest recommends this screen for many of the same reasons. However, he did hit a couple of rough patches while assembling the unit, which requires two people to put together.

Several buyers strongly recommend using Silver Ticket`s assembly videos. There are no consistent complaints from buyers.

Pros: Good picture quality, easy to assemble, durable materials

Cons: You may need two people to assemble

The best budget home projector screen

If you want a projector screen but don`t have much to spend, the Best Choice Products Manual Pull Down Screen provides surprisingly good picture quality.

The Best Choice Products Manual Pull Down Screen measures 92.5 by 74.5 inches (119 inches diagonal) so it`s much more square than the standard 16:9 aspect ratio. This means you will give up some space on the top and bottom of the screen when watching HDTV.

Yet, what makes this low-cost option great is the ability to retract it into its 92.5 by 4.75-inch case and move it to another location. For instance, you may choose to install an extra set of mounting hooks outside for backyard movies. The screen is anti-static matte white fabric with a black border and has a 1:1 gain.

Best Reviews recommends the Best Choice Products Manual Pull Down Screen because the reviewer found the vinyl to be easy to clean, and it lived up to its large viewing angle claims. However, he also noted that the corners were prone to wrinkling, and the screen is not suited for high-end projection equipment.

The reviewer at Screen & Display noted that this unit was easy to install and clean. Plus, for its price, it had excellent durability and picture quality in their tests. Gadget Review also recommends this screen because of its no-fuss performance.

Pros: Inexpensive, easy to install, retracts for easy storage and portability

Cons: Complaints of the screen wrinkling

The best home projector screen material

There are many reasons to like the Elite Screens Sable Frame B2 Projector Screen, but buyers and experts all comment on the picture quality of the CineWhite material used for the screen.

The Elite Screens Sable Frame B2 Projector Screen and our top pick, the Silver Ticket Screen, are ranked one and two on several expert lists. The STS generally takes the cake because it`s easier to assemble and costs less. However, the Sable Frame B2 features CineWhite. This projection material is matte white and 4K Ultra HD ready.

The tension screen has true color rendition, black and white contrast, and broad light dispersion through diffusion uniformity. This all basically means you can count on excellent picture quality for a viewing angle of up to 180 degrees. Elite Screens backs the quality of the Sable Frame B2 with a two-year warranty.

The Wirecutter recommends the Elite Screens Sable Frame B2 if our top pick, the Silver Ticket Screen, isn`t available. The reviewer notes that the screen performed similarly in his tests. Yet, he did note that the Silver Ticket screen didn`t look as taut as this one, but it was easier to assemble.

Nerd Techy also recommends the Sable Frame B2 because the CineWhite material provides incredibly detailed images. The reviewer also found the setup to be user-friendly but suggests finding a friend to lend a hand.

Another buyer recommended using all of the included brackets because she just used two, and the screen fell when she bumped it. It was not damaged in the fall, but it`s better safe than sorry.

Pros: Taut screen that resists wrinkles, CineWhite material offers great picture quality

Cons: Harder to assemble than other models

The best inflatable home projector screen

The Gemmy Outdoor Inflatable Movie Screen is a smart buy for anyone who wants their home to be the go-to place for backyard movie nights.

The Gemmy Outdoor Inflatable Movie Screen stands out in our guide because it`s inflatable. This makes it easy to transport in its included storage bag and effortless to set up.

The screen includes two fans that do all of the inflation work for you. You just stake and tether the screen to keep it stable. The screen is made of thick, durable, weather-resistant airblown fabric, similar to what is used for Christmas and Halloween decorations. The screen is currently available in four sizes, all of which have a 16:9 aspect ratio.

The reviewer at Backyard Movies appreciated that the blowers that keep the Gemmy Outdoor Inflatable Movie Screen inflated ran quietly and weren`t noticeable while movies played. He notes that it takes 3-5 minutes to inflate, and the overall setup time is 10 minutes if he`s really hustling. His biggest complaint was that it didn`t allow for rear projection.

Outdoor Movie Projectors recommends this model but noted that you can hear the blower during quiet parts of a movie. However, he did find the screen was easy to set up and works well for larger backyard parties.

Approximately 68% of the Gemmy Outdoor Inflatable Movie Screen buyers on Amazon gave it five stars. Buyers note that the unit is lightweight, portable, and easy to assemble. There weren`t any complaints about the fans` noise either. One buyer recommends rolling up and storing the screen separately to avoid wrinkles, which the screen is prone to getting.

Another reviewer suggests getting a plastic storage container to put the unit in because it can be a pain getting it back in the bag. He found it takes about 20 minutes to set up and 25 minutes for it to deflate.

Pros: Quiet fans, portable, excellent for hosting outdoor movie nights

Cons: Prone to wrinkles, takes a little while to deflate

The best home projector screen with stand

The portable Visual Apex Projector Screen is an excellent standalone screen for use outdoors and in.

The Visual Apex Projector Screen, sometimes called the ProjectoScreenHD, comes with an anodized aluminum frame and detachable legs that fold up quickly for storage in a sturdy carry bag. This versatile screen can be used outdoors with the help of included ground stakes and guide wires for stability.

For indoor use, you can use the stand or use the included wall mounts. The screen is made of fairly standard cinema matte white material featuring a 1.1 gain, 16:9 aspect ratio, and a 160-degree viewing angle.

Home Theater Review recommends the Visual Apex Projector Screen for outdoor use or if you are trying to save a few bucks putting together an indoor theater. The reviewer notes that setup is easy with the videos on Visual Apex`s website. They were also impressed with the color uniformity and brightness of the images. However, they were disappointed that the screen came folded up which caused initial creases. The reviewer also found the owner`s manual to be unhelpful. Projector Reviews, Best Reviews, and Outdoor Movie HQ also recommend this screen.

More than 800 Amazon buyers have given the Visual Apex Projector Screen four or five stars. Several buyers comment on how easy the screen is to assemble and how well it works both outdoors and in. One reviewer recommended measuring the areas you plan on using the screen to ensure it fits because the 120-inch screen was surprisingly large.

Another buyer found the snaps that attach the screen to the frame were hard to unsnap. After a couple setups, two of the snaps broke. However, Visual Apex was quick to replace the person`s entire unit.

Pros: Several applications outdoors and in, two-year warranty, good customer service

Cons: Screen initially has creases, the owner`s manual isn`t very helpful

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