In 2024, the stock of Elon Musk’s Tesla has seen a 34 per cent drop making it the worst performer in the S&P 500 Index
Meta CEO Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world as per Bloomberg Billionaire’s Index ranking. Zuckerberg and Musk’s net worth is $186.9 billion (Rs 1.55 thousand crores) and $180.6 billion (Rs 1.5 thousand crores), respectively. In 2024, Tesla stock has seen a 34 per cent drop making it the worst performer in the S&P 500 Index. In contrast, stocks of Meta Platforms Inc. have surged by 49 per cent. Musk, who ranked at the top on the Bloomberg Billionaires Index as recently as early March, came to fourth. It happened after Reuters reported that Tesla Inc. had cancelled plans for a less-expensive car. Musk, however, denied that report but it lowered the prices of the shares. As per the Bloomberg report, Shares were down 1.3 per cent as of 1 p.m. Friday (April 5) in New York. That followed news earlier in the week that Tesla’s vehicle deliveries fell in the three months through March, their first year-over-year decline since the early days of the Covid pandemic.
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About Mark Zuckerberg
Zuckerberg was fascinated with computers and inventing programs at an early age, and at the age of 12, created a messaging program named Zucknet. The program was formed on an Atari BASIC. Zuckerberg’s father implemented the program in his dental office so the receptionist could inform him of new patients arriving without having to scream across the room. The Zuckerberg family also used the messaging system at home.
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He initially enrolled at Harvard University but decided to drop out during his second year to concentrate on the development of Facebook. As per the reports, he formed Facebook with friends Chris Hughes, Dustin Moskovitz, and Eduardo Saverin. The site permitted users to upload photos and communicate with other members on the platform. The Harvard students started the site and was run out of a dorm room on campus. Facebook expanded to include all Ivy League schools and hit one million users by the end of 2004.
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The Ivy League is a group of eight illustrious private colleges and universities in the United States. These schools are known for their academic excellence, rich history, and selective admissions process.
