Ark Invest, which was founded by millionaire investor Cathie Wood in 2014, bought 197,259 shares in the Meta stock. The shares are estimated to be worth $63.83 million. On Friday, shares of the company closed 2.1% higher at $323.57 per share, with Meta set to change its stock ticker from FB to MVRS from December […]
The company said the new name would better encompass what it does as it expands its reach beyond social media and focuses on areas such as virtual reality (VR). While the name change will not apply to the company’s individual platforms, such as Facebook, WhatsApp, and Instagram, the rebrand has nonetheless prompted backlash. The move […]
On arrival at the city of Thebes, Oedipus encountered the great sphinx. If Oedipus could answer the sphinx’s riddle, he would be able to enter; if not he would be devoured. In the age of deep tech, our heroes are those who have undertaken their own personal odysseys to become billionaire founders of unicorn startups. […]
According to Bloomberg’s Billionaires Index, Tesla and SpaceX CEO Elon Musk has once again overtaken Amazon founder Jeff Bezos as the world’s richest person thanks to Tesla’s soaring stock. On Friday, Tesla’s shares closed at $843.03 per share, a 3% increase on the day which takes the EV maker’s year-to-date gains to approximately 20%. Tesla’s […]
Forbes reported that Mark Zuckerberg has lost $5.9 billion off the back of the global outage of Facebook, Instagram, and WhatsApp, with the company’s share price slipping 4.8% following the interruption of service. The outage is also expected to prove costly for Facebook from a sales perspective. The company makes approximately $330 million per day […]
Image by Alessio Jacona from Rome, Italy - Mark Zuckerberg, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=72121838 Frugality or thriftiness might not be words commonly associated with the ultra-wealthy, yet a small subset of the world’s richest people are well-known for their penny-pinching habits. Arguably, it is this characteristic that has enabled them such huge financial success in […]
On Monday, private jets descended on Sun Valley in rural Idaho as the annual Sun Valley conference for tech and media leaders began. The gathering unites the tech, design, sports, and film industries each year, although last year’s event was cancelled due to the Covid-19 pandemic. This year, the five-day conference is being hosted at […]
Monday’s decision allowed the social media giant to cross the $1 trillion threshold in market value for the first time ever. The rising shares are a cause for celebration for shareholders and CEO Mark Zuckerberg alike. The 4.1% stock price increase has added $5.1 billion to Zuckerberg’s name. However, the federal judge’s decision and the […]
Over the past few months, the definition of self-made has been fairly misconstrued by the general populous, on the back of notable media, celebrity and financial claims; perhaps the most prominent of these being Forbes’ listing of Kylie Jenner as America’s youngest self-made billionaire. Though not the only criteria for said listing, the term ‘self-made’ […]
Facebook’s revenue rose, year on year, 30% in the fourth quarter. In this video, WSJ’s Jason Bellini explains why the social network is beating analyst expectations and posting profits amidst all the bad press.
With 2018 behind us, it feels like so long ago that some of the year’s biggest stories have gone by and faded into obscurity—though some have had such a piercing impact that we still feel the rippling effect to this day. As we begin the new year, it’s time to look back over some of […]
There are a number of different ways to run a business, and it takes a careful balance of different factors. Do you lead with your personality? Your sense of management? Honesty and humility, or being brash and bold? Lead with conscientiousness and care, or push the envelope unabashedly for the new and innovative? Whatever your […]
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