Investing

The five billionaire Lauder heirs correspondingly lost a combined $2.9 billion Wednesday.

WeWork, a company once valued at $47 billion, now sells for around $1.12 per share at a market capitalization of $59 million.

Tim Gurner admits he deserved the intense backlash he received after suggesting Australia’s unemployment rate should increase 40 – 50%.

A new employee stock plan revealed the company is worth $19 billion, 55% less than the $44 billion Musk paid for it last year.

Subscriptions will be available for any user over 18, while Meta explores providing younger users with a “useful and responsible ad experience.”

Sundar Pichai—testifying during Google’s antitrust trial—said deals with Apple and others were meant to make the user experience “seamless and easy.”

The theme of Indigenous business month for 2023 is ‘To gather, together’ which serves as a powerful reminder that we work best when we unite and collaborate. 

The NBA Hall of Famer is only the fourth athlete to be identified as a billionaire by Forbes.

The Series B round led by Spark Capital values 5-year old Abridge, which is used by 5,000 doctors, at $200 million. But it’s up against Nuance, which Microsoft bought for $18.8 billion and is used by half a million doctors.

Forbes announced today the beta launch of Adelaide, its purpose-built news search tool using Google Cloud.