7 Articles
7 Articles
Meet the Six Billionaires Hit by $130B Wipeout as Musk Loses More Than the Other Five Combined
The six richest individuals lost an estimated $130bn in paper wealth as technology shares fell, with investors questioning whether heavy artificial intelligence spending will deliver sufficient returns.
Shares of Tesla, SpaceX, Amazon, Google, Dell Technologies and Meta fell
A heavy day of falls in the technology sector on Wall Street drastically reduced the fortunes of the main global tycoons. Market misgivings about whether the multimillion-dollar investments in AI infrastructure will generate the expected returns, together with the balance sheets of Meta and Tesla, triggered the share collapse led by Elon [...]
Musk, Bezos and Zuckerberg lost 130 billion dollars in a day: Here's what happened - If stock prices rise, the valuation increases again
Photo: Julia Demaree Nikhinson / POOL / AFP Doubts about the returns on hundreds of billions of dollars in investments in artificial intelligence have caused stock prices of technology companies to fall. As a result, according to estimates by the American Forbes, the world's six richest people — Elon Musk, Jeff Bezos, Larry Page, Sergey Brin, Michael Dell and Mark Zuckerberg — collectively lost $130 billion on Thursday. Each …
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