
Snapchat founders lose billions after ‘violent’ 35% stock crash
Snap stock’s “violent” 35% crash Wednesday was the third-worst daily drop in Snap’s history.
Snap stock’s “violent” 35% crash Wednesday was the third-worst daily drop in Snap’s history.
The vast majority of U.S. billionaires are founders who started companies or heirs who mostly lucked into their fortunes. A tiny subset got hired into jobs that made them super rich.
YouTube has claimed its Partner Program has paid out more than any other creator monetisation program, with over US$70 billion flowing to creators, artists and media companies in the last three years.
Tesla has lost $210 billion of market value in 2024 while Eli Lilly gained $140 billion, as investors trade ditch their EV optimism for the GLP-1 craze.
Swift’s lawyers accused Jack Sweeney of “stalking and harassing behavior” for tracking her flights and posting updates on social media.
From logistics, to hotels, the Reserve Bank to the pop charts. These homegrown trailblazers are proving that the years after 50 shine bright.
The former WeWork CEO previously resigned after the company valued at $47 billion failed to produce a successful IPO.
The Meta Oversight Board has upheld the company’s decision to leave up manipulated video of US President Joe Biden that claims he is a pedophile.
With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan Gray, has built an ingenious weapon targeting vast amounts of global wealth.
Uninspiring earnings and a “black cloud” from Elon Musk drama have sent Tesla shares down 27% in 2024.