According to Guinness World Records, Elon Musk broke the record for the largest loss of personal fortune in human history. "Carina Johansen/Getty Images Elon Musk's loss of Tesla shares in plummeting prices in 2022 saw him lose more than $100 billion and he no longer holds the title for world's wealthiest person. Forbes estimates that Musk is still worth $144.4 billion today. Elon Musk kicked … [Read more...]

Andy Jassy, Amazon CEO, first announced the company's latest round in layoffs in November. Mike Blake/Reuters Coinbase and Amazon are among the latest victims of a wave in layoffs at large US tech companies. These companies have cut thousands of employees. Check out the complete list of layoffs in 2023. The wave of layoffs that impacted dozens of US companies at the end 2022 seems to be … [Read more...]

According to reports, Twitter executives under Elon Musk are becoming more desperate to attract advertising dollars. Bill Pugliano/Getty Images According to The Information, Twitter executives told advertisers that they need to be comfortable with Elon Musk's unpredictable behavior. Some advertisers have been dissatisfied by this, according to The Information. According to some, this has led to … [Read more...]

Tesla (NASDAQ:TSLA), is in serious trouble. It has fallen $80 per share (40%) over the past month and a quarter and $260 per share (67%) since its high in April. It's becoming clearer that China, the market on which the company was once dependent for its survival, may bring Elon Musk even more problems in the coming weeks and months. Morgan Stanley analysts stated that Tesla Motors was so … [Read more...]