Tag: billion
-
No revenue is no problem in the 2020 stk market
By Chris BryantWall Street isn’t always too fussed about whether a start-up is profitable before listing on the stock exchange. A decent track record of sales growth is usually pretty essential, though. That quaint idea has been turned on its head this year by the fad for special purpose acquisition companies. Called SPACs for short,…
-
Clinton-Era Economist Accuses Musk Of Shorting Tesla Workers, Cites Stock Performance; Musk Responds
Tesla CEO Elon Musk exchanged jabs using economist Robert Reich, the former secretary of labor under President Bill Clintonand after the left-leaning scientist accused him of shorting his employees because of modern-day robber baron. “Tesla forced all employees to take a 10 percent pay cut out of mid-April till July. In exactly the identical interval,…
-
SoftBank piles $3.9 billion into surging market giants including Tesla, Netflix, and Amazon
Reuters SoftBank’s new asset management unit totaled roughly $3.9 billion into some of the planet’s hottest technology stocks, based on an SEC submitting released Monday. The Japanese conglomerate opened a $1.04 billion stake in Amazon, a $475 million position in Alphabet, along with also a $189 million stake at Netflix, one of other marketplace favorites.…
-
Mukesh Ambani climbs billionaire rankings; fourth richest in the world now
Mukesh Ambani surpassed LVMH Chairman (and Europe's wealthiest man) Bernard Arnault to become the fourth-richest man in the world. The Reliance Chairman has a net worth of $80.2 billion, and trails only Jeff Bezos ($187 billion), Bill Gates ($121 billion), and Mark Zuckerberg ($102 billion) on the Bloomberg Billionaires Index. Incidentally, Zuckerberg entered the coveted…
-
Mukesh Ambani pips Larry Page, Sergey Brin & Elon Musk to become 6th richest person in world
By Blake Schmidt(Bloomberg) –India’s richest man surged beyond Silicon Valley tech titan Elon Musk in addition to Alphabet Inc. co-founders Sergey Brin and Larry Page to develop into the planet ’s sixth-richest person.The chairman of Reliance Industries Ltd., whose riches surpassed Warren Buffett’s final week, is now worth $72.4 billion, according to the Bloomberg Billionaires…
-
Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say
Uber is utilized to get food delivery startup Postmates at a $2.6 billion all-stock deal, both The New York Times and Bloomberg reported Sunday. Postmates was co-founded by Bastian Lehmann, Sam Street, and Sean Plaice at 2011 and has grown to include a fleet of over 500,000 members and 600,000 retailers across 50 states. Last…
-
Meet Colin Huang, who just stepped down as CEO of $100 billion Pinduoduo and whose wealth exploded by $25 billion in 2020
Visual China Group/Getty Images Colin Huang, ” the 40-year-old creator of e commerce Pinduoduo, is currently China’s third-richest individual. Huang on July 1 stepped down as chief executive of Pinduoduo, which has managed to rack up a market cap of over $100 billion in less than five years. Pinduoduo is a online marketplace that connects…
-
Jeff Bezos is now richer than even before
By Berber Jin along with Jack WitzigJeff Bezos’s net value has crushed through its prior peak, even after he relinquished a quarter of his own bet in Amazon.com Inc. as a part of a divorce settlement last year.Shares of the Seattle-based retailer jumped 4.4percent to a record $2,878.70 Wednesday, fostering the creator ’s world-leading fortune…
-
A $26 billion truck company with zero revenue just surged 103%
From Ed Ludlow and Craig TrudellTesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they had been before the company went bankrupt. But no stock in the automotive industry is a better sign of equity-market exuberance compared to Nikola Corp.The aspiring battery-electric and hydrogen fuel-cell truck manufacturer debuted…