Elon Musk and Jeff Bezos lose billions in a week
Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week, The Independent reports, citing Bloomberg.
Tesla and SpaceX founder Elon Musk lost $25.1bn (£18.5bn), Amazon’s Jeff Bezos saw a $20bn (£14bn) drop in his fortune, Changpeng Zhao of Binance lost $17.7bn (£12.5bn), and Facebook’s Mark Zuckerberg is $10.4bn (£7.6bn) worse off, Bloomberg said.
It was the worst week for the stock market since the crash at the onset of the pandemic.
Big-name companies suffered, with Peloton falling below its IPO price and Netflix suffering its steepest drop in a decade. Stocks in chipmakers also struggled.
At Friday’s close, the tech-focused Nasdaq was down 7.6 per cent for the week, its biggest decline since March 2020. This is also the fourth successive weekly drop for the index, the longest decline in nine months.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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14:07
Opposition MP: Armenian leaders focused on justifying themselves amid Azerbaijan's military buildup
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Trump pledges to stop 'transgender lunacy'
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13:08
Yerevan mayor addresses criticism over expensive US trip
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Famous ophthalmologist Alexander Malayan dies at 76
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Boy injured as drones fall from sky at Florida holiday show
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Andrea Otero, the City of Orlando...
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12:06
Armenia ballet artists perform 'The Nutcracker' in Italy
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11:35
Pashinyan admits 'a big mistake' over Karabakh negotiation process
Armenian Prime Minister Nikol Pashinyan claims the Nagorno-Karabakh negotiation process completely focused on its return to Azerbaijan since the...
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11:15
Drivers warned about icy roads in Armenia's Syunik
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In particular, the road linking the Amberd high...
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11:00
Putin meets Slovak PM in Moscow
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17:30
Expert blasts My Step Foundation's 'unacceptable' response to Panorama.am
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US avoids government shutdown with last-minute funding bill
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Barack Obama's top 10 movies of 2024 includes ‘Anora' starring Armenian actors
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15:36
None of Baku's demands meets strong opposition from Pashinyan's government, MP says
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WhatsApp wins legal case against Pegasus spyware maker
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14:34
Armenian woman named Female Business Leader of the Year
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13:36
Light snow expected in parts of Armenia
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Light snow is forecast for some parts of the...
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13:06
'A new level of cynicism': UJA slams My Step Foundation's response to Panorama.am
The Union of Journalists of Armenia (UJA) on Friday issued a statement denouncing the My Step Foundation’s inappropriate response to...
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12:30
Turkish FM calls for fair approach in promoting Armenia-Azerbaijan peace process
Foreign Minister Hakan Fidan held a meeting with German Foreign Minister Annalena Baerbock in Ankara on Friday.
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12:05
Ruben Vardanyan held in 'complete isolation' in Baku prison, his son says
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11:31
Pashinyan extends birthday greetings to Macron
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11:17
Armenian church commemorates St Abgar
The Armenian Apostolic Church on Saturday commemorates St Apkar (Abgar), a martyr of the church and our first Christian King....
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11:05
Magnitude 4.5 earthquake hits Artsakh, felt in Armenia
A magnitude 4.5 earthquake struck Artsakh (Nagorno-Karabakh) last night.
The quake occurred 30 km south of the town of Karvachar (Kelbajar)...
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17:06
Armenia-Azerbaijan peace efforts remain 'an area of vital importance' to Biden administration – State Dept.
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16:39
Artur Vanetsyan issues message on National Security Officer's Day
Major-General Artur Vanetsyan, the former director of Armenia's National Security Service, issued a congratulatory message on the National...
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16:13
Archbishop Bagrat Galstanyan to address people live on Saturday
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15:36
MP Hovik Aghazaryan's wife dies
The wife of former Civil Contract faction MP Hovik Aghazaryan passed away last night.
The lawmaker confirmed the news to Tert.am....
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15:07
Panorama.am calls attention to My Step Foundation's inadequate response to request for information
The costs of the Italy trip of Armenian Prime Minister Nikol Pashinyan’s wife, Anna Hakobyan, have been kept strictly secret. Moreover,...
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14:05
Dry weather expected in Armenia today
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Light snow is forecast for some parts of the country...
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13:36
US House resolution seeks to protect religious and ethnic minorities in Syria
Representative Gregory W. Meeks (D-NY-05), Ranking Member of the House Foreign Affairs Committee, and Senator Ben Cardin (D-MD), Chairman of the...
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