lost approximately $100 billion this year, which according to the Bloomberg Index is the “largest one-year drop ever reported”.Despite dropping from $340 billion last November to around $170 billion this year, theBusiness Insider
, the massive drop in this net worth was likely “caused by Tesla shares falling to a two-year low on 21 November 2022”. Musk’s 15% stake in the company was also responsible for a loss of nearly $7 billion – in only one day – as stocks declined.Musk also had to return to the Delaware Court of Chancery earlier this month, to justify Tesla compensation grant of R1 trillion [$56 billion] paid out to him in 2018.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk fired Twitter's head of sales after she refused to sack more employees | Business InsiderElon Musk begged Twitter's head of sales Robin Wheeler not to resign, but then sacked her anyway after she refused to fire more employees.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Elon Musk says the issue of child sexual exploitation content on Twitter is 'Priority #1' | Business InsiderSince Elon Musk's Twitter takeover, key hashtags used to trade child pornography have mostly been cleared and reporting options for CSE have improved.
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: Civil rights groups urge Twitter ad boycott over Trump returnCivil rights leaders are urging major advertisers to stay away from Twitter after Elon Musk, the company’s new billionaire owner, reinstated former President Donald Trump over the weekend. elonmusk and the public poll made the right decision. It’s crazy that a US president was banned from a platform that allows Putin, Irans Supreme Leader and Afghanistan to have accounts. The hypocrisy of these Civil rights leaders 🤦🏾♂️ Hit piece after hit piece. 🤦🏽♂️ Note that the 'thousands' various IT publications claim have 'left Twitter for Mastodon' are actually on both platforms, waiting to see what Twitter delivers. Most of us are going nowhere. Mastodonians trying desperately for conversions.
Source: dailymaverick - 🏆 3. / 84 Read more »