The elephant who fell in to a Black Hole

Stephen Hawking admitted he was wrong in his belief on black hole radiation. It was due to the ground breaking work of a young theorist named Juan Maldacena.
Do black holes really consume the information?
Is the entire universe an enormous cosmic hologram projected from its boundary? Is the location and fate of the elephant different based on where is the observer? This short article written in a lucid and comprehensive manner aims to answer all these questions.