Elon Musk Down Nearly $10 Billion In One Week As Tech Stocks Plunge

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Elon Musk is down nearly $10 billion in one week as tech stocks plunge

its largest outside shareholder, Scottish investment firm Ballie Gifford, reduced its stake in the company. The stock ended the week down 5.5%.

Even with the decline, Musk is four times wealthier than he was a year ago, with a net worth of $87.9 billion. He is currently the fifth richest person in the world, $5.5 billion ahead of Warren Buffett.with a fortune that exceeded $200 billion. With Amazon shares worth 3% less than a week ago at the market close on Friday, Bezos’ fortune dropped $5.8 billion to $193.5 billion. His ex-wife, MacKenzie Scott , is $2 billion poorer this week.

Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019. Mark Zuckerberg’s fortune fell $4 billion as Facebook shares dropped 3.7% in the past week. He’s been more vocal than ever before about political misinformation on the social media platform and announced steps to mitigate the problem.

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I'm very careful buying a few stocks and putting stop limit asap!! You'll get it back. You use money in looking for more money!!!💪🏾

Gold Shortages are upon us. Buy your bullion now..and gold and silver stocks. Free cash flow for these companies is what Warren Buffett saw in Barrick. Buy now. It's coming!!! Sandstorm Gold is making SO much $$ at $1700 gold!!!

qrsupport TamimBinHamad realDonaldTrump I wonder how president Donald Trump and you guys feels about when a company like qatarairways scam people during covid 19 and steal people hard working money .

He'll take the red pill and get more. 🙄😡

Elon quick marry cardi b she’s recession proof.

Is he really wearing lipstick or is this photoshopped

elonmusk Wow. 😮:(

Should have given us all teslas bro

He is a Mars Man. He thinks something else, beyond money. ... so no need to worry.

what I concern is when I can buy an autopilot Tesla?

Boo hoo

Good.

Peanuts for him !!

Doesn't make any difference cuz he's not going to sell. He's in for the long run. Someone asked Warren Buffett how much he lost in 2008. He said nothing I didn't sell.

Has he even noticed yet? If he does, does he care?

I truly dont think Elon watches his wealth on a daily or even weekly basis ... i guess like all the other BS out there presently it makes for another boring headline 🤪

👏👏👏👏👏

Wall Street is falling Down falling Down, wall Street is falling Down 😅🎼

So do the socialists still want to eat him?

Tell BernieSanders he’ll have to give that money back he was spending when $TSLA stock went up and Bernie thought Everyone should have free stuff

Who gives a fuck. Why not comment on the cancerous circumstance of being able to lose 10B and still have 90B left.

So now he only has one kazillion minus $10B.

I truly dont think Elon watches his wealth on a daily or even weekly basis ... i guess like all the other BS out there presently it makes for another boring headline 🤪

Tell elonmusk to keep producing smart robot jobs with engineers!

Good

it's all good. time to buy some shares :D

Seriously, who gives a fuck?

He’ll bounce back 😴

Awww, darn. Just when the lad was about to END WORLD HUNGER... AMIRITE?

Bummer

HOW MUCH HE EARNED IN A FEW MONTH. MEDIA WANT TO SHOW MUSK AS AN IDIOT AND I M FED UP TO REPEAT TO THESE IDIOTS THAT IF THEY INVESTED IN TESLA 3 MONTH AGO THEY WOULD X BY 5 THEIR INVESTMENT.

Stocks will go up and stocks will go down, that will never change as long as we have this economical system. the only interesting thing about stock is longtime worth, like 5 years. The worth from day to day means nothing If your not a high frequency trading computer hehehe

🎻

elonmusk is still the future of humanity!

Elites are simply selling off before the insurgency. May be going gold for aftermath.

Shall we raise some money for him?

It wasn't like he planned to sell his tesla stocks. He's funding SpaceX, I don't think he even cares about tesla, he's just a figurehead.

Cash out buddy

Remember guys Forbes has just been Funded in recent month's by the big oil industry so this article and the dozens of negative Tesla articles is no surprise.

Please sign this We the People White House petition to ban WeChat & TikTok. WeChat dies, CCP dies

Someone here who read the whole article? The headline is clickbait Shares jumped 12.6%, boosting Musk’s net worth by $10.4 billion since late Friday.

About the same amount it went up two weeks ago so he is about back to 8/23 levels.

Goals

Excellent. I hate that smug bastard

Good!!

I feel better about my life now!

BallSoHardJafar

Jesus🤨

Poor baby.

XRP

Start the Go Fund Me before it’s too late.

Its only a bubble

Good

Loser. Tesla is a Ponzi scheme.

A rounding error ...

Oh no, is there a go fund me? Maybe we can defund black lives matter so that there’s still hope that his kid will grow up to be a trillionaire.

Thoughts and prayers...

He could have withdrawn that amount before that happened 😂

The copy of IronMan... but nobody talking about of his employes

Fraud boy

Mean time people like me cant afford to eat everyday and no one cares. So ask me if I feel sorry for him? No I do not. 1st, it is only on paper, 2nd stocks rise and fall all the time. 3rd This is out of touch with the average human. Musk cares more about humanity than you.

'I'm poor again' 🤔😂😂

obiokeke_

If you’ve made 50B in the past 6 months does it matter if you have lost 10 of it in the correction?

TRUMP2020!!!!

Me too.

Man, must suck to go back to only being as rich as he was [checks notes] 10 days ago.

He's still rich as f*ck tho.

Oh No! 😱 Most sarcastic voice ever!!🤬🤬 WGAF TaxTheRich

It'll come back up.

Tax the scum

That's just a temporary lost, he will double in a few months.

Do you think he cares? He's beyond the petty concerns of 'money'.

Elon ain’t worried about money. We trying to get to Mars baby!

Yeah but he was up like 100B in the three months leading up to this week, no? buythedip

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Thousandairs worrying about the fortunes of billionaires and the weekly fluctuations is hilarious

Chump change for Elon

Every time Fauci talks, stocks plunge.

Ebbs and flows, I’m sure he isn’t worried

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Elon Musk Down Nearly $10 Billion In One Week As Tech Stocks PlungeAmazon shares also fell late in the week. The upshot: Jeff Bezos is no longer a $200 billion man. And owners of his cars complain bitterly. lol. I'm surprised they don't report on stock price second by second. Overall Tesla is up like 10x compared to 2019 ...so ... try and say that's somehow bad ... 🤷‍♂️ Who cares about trumps racist flunky
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Musk, Bezos, Gates, and Zuckerberg lost tens of billions this week - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Poor guys , I will buy them a drink.👍 Insane wealth inequality on display here. See you in gitmo
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Bezos, Musk, Zuckerberg and Gates lose a collective $25 billion in net worth after tech stocks fallTech companies took a beating Thursday, as S&P 500 tech sector closed down 5.8%. And? Tax the rich. A few pennies that they’ll get right back at some point...🤓...
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