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Asides

Tesla shareholders vote on Elon Musk’s $50 billion pay package next week—Here’s what’s at stake

Tesla shareholders will decide next week whether to reinstate CEO Elon Musk’s unprecedented 11-figure bonus, a decision Wall Street classifies as a pivotal moment for the carmaker as the centibillionaire’s head turns to his various other endeavors.

  • By Derek Saul
  • Forbes Staff

eSafety chief drops legal battle against Elon Musk’s X over Sydney church stabbing videos

E-safety commissioner Julie Inman Grant has confirmed she will pursue the case to remove violent content from X in Federal Court. The social media platform led by Musk said it is pleased that ‘freedom of speech has prevailed.’

  • By Shivaune Field
  • Business Journalist

Rihanna launching ‘Fenty Hair’: Billionaire pop star expands beauty empire

The hair care market is expected to grow by nearly $20 billion over the next three years, market researchers said.

  • By Ty Roush
  • Forbes Staff

Apple Stock Hits $3 Trillion Valuation As AI iPhone Hype Builds

Apple has now officially wiped out its 15% drawdown from January to April as the market sold Apple stock and bought others seen as more in-vogue AI bets.

  • By Derek Saul
  • Forbes Staff

Google’s privacy chief is out and will not be replaced

Keith Enright is leaving Google after 13 years as the tech giant restructures its privacy and compliance teams. Matthew Bye, director of competition law, is also departing.

  • By Thomas Brewster
  • Forbes Staff

Berkshire Hathaway stock suffers worst loss in 4 months day after glitch in ‘surprise’ selloff

Tuesday’s selloff was almost certainly not related to Monday’s technical error which briefly showed a 100% loss for Berkshire, but it was a puzzling loss.

  • By Derek Saul
  • Forbes Staff

Freight startup Ofload raises $31 million, valuation hits $350 million

Digital freight management startup Ofload has closed a $31 million funding round, with plans to roll-out its Carbon Analytics Platform.

  • By Anastasia Santoreneos
  • Forbes Staff

E-Trade mulls removal of meme-stock trader Keith Gill, report says

GameStop shares soared after Gill posted a screenshot that appeared to show a $116 million position in the company.

  • By Antonio Pequeño IV

GameStop shares skyrocket after meme stock legend ‘Roaring Kitty’ shows off $116 million bet

Roaring Kitty, the social media handle used by trader Keith Gill, helped inspire 2021’s meme stock craze that saw shares of companies like GameStop and AMC Entertainment skyrocket.

  • By Robert Hart
  • Forbes Staff

Melinda French Gates pledges $1.5 billion to women, $30m to Jacinda Ardern

French Gates disclosed she is stepping down from the Gates Foundation this week and investing a further $1.5 billion into women’s causes via Pivotal Ventures. $30m is pledged to former NZ PM Jacinda Ardern.

  • By Shivaune Field
  • Business Journalist
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