paragagarwal
Elon Musk is no longer the world’s richest man. Bernard Arnault, the CEO of the luxury good conglomerate, LVMH has overtaken the SpaceX founder for the top spot, according to Bloomberg and Forbes. The 51-year-old tech billionaire’s dip in the rankings comes as shares in Tesla experienced a steep drop, which he owns 14 per cent of, and is now worth $178 billion while the 73-year-old fashion executive has a personal value of $188 billion. In late October, Elon finalised his $44 billion takeover of the social media platform Twitter after months of disputes, both online and legal. It is believed t...
BANG Showbiz English
Elon Musk is holding his first meeting with Twitter employees. The 50-year-old billionaire will sit down with staff at the micro-blogging site he has been attempting to buy outright for£36 billion since April on Thursday (16.06.22), however doubt has been cast over the deal after Elon expressed hesitancy about his belief the site has too many ‘bot accounts’ According to Business Insider, the current CEO Parag Agarwal announced the meeting to staff in a company-wide email that also said they could put forward questions to pose to the Tesla CEO. According to reports, it will be the first time El...
BANG Showbiz English
Elon Musk is being sued by a Twitter shareholder for allegedly delaying disclosing his stake in the app in a bid to buy more for less. The Tesla and SpaceX CEO was recently revealed to have a 9.2% share in Twitter, worth $2.6 billion. According to filings, Musk purchased around 620,000 shares at $36.83 a pop on 31 January and continued to buy them up until 1 April. Now, a complaint has been filed in New York federal court by his fellow shareholder, Marc Bain Rasella, who has accused the multi-billionaire of violating a regulatory deadline. It adds how Musk gave “materially false and misleading...
BANG Showbiz English
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