Day: July 3, 2020

Tesla short sellers lost $1.33B on Thursday’s stock pump — Musk only got richer

Tesla stock surged again this week, this time by more than 8% to set a new price record of $1,228. If you were Elon Musk, you’re likely already hard at work on a sick new club track to celebrate  but those who’ve bet against it are probably pissed.

Thursday’s Tesla pump not only solidified its position as the world’s most valuable car company, it also meant its chief exec Musk has added $20 billion to his wealth since March.

But it absolutely wrecked the company’s short sellers, who lost $1.33 billion yesterday according to data shared by industry analyst

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Yes, it’s safe to move sensitive data to the cloud

According to a study by the Cloud Security Alliance, 69 percent of enterprises have moved or are moving mission-critical information to the cloud. The research also shows 65 percent of businesses are worried about migrating sensitive data, and 59 percent of them have security concerns.

I get it. If your data is in the cloud, then it’s not in your data center. You can’t touch the server, therefore it must be unsecure or at risk.

The reality is counterintuitive. Indeed, for at least the past few years the cloud has surpassed the security capabilities of most on-premises systems. This

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