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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