Mar 3, 2017

Snap hits $40 billion valuation

Go deeper

Tesla short sellers wish Elon Musk had funding secured at $420

Data: Money.net; Chart: Axios Visuals

Tesla has been among the most derided companies in the world, but CEO Elon Musk has been getting revenge against hated short sellers since the electric car company's June swoon.

Why it matters: Many probably wish Musk had taken the company private at $420 a share, as he said he would in an August 2018 tweet in which he claimed to have "funding secured" for the move.

Go deeperArrowJan 14, 2020

The world's 500 richest people saw their collective net worth grow by 25% in 2019

Priscilla Chan and Mark Zuckerberg. Photo: Ian Tuttle/Getty Images for Breakthrough Prize

The world's 500 richest people added $1.2 trillion to their collective net worth in 2019, boosting their holdings by 25% to $5.9 trillion, according to Bloomberg.

Why it matters: Income inequality has become a key issue for politicians around the globe, highlighted by the fact that the wealthiest 0.1% of Americans now hold a larger share of wealth at any point since 1929 — the start of the Great Depression.

Go deeperArrowDec 27, 2019

Augmented reality rival claims Magic Leap's lawsuit is baseless

NReal augmented reality glasses at CES 2019. Photo: Robyn Beck/AFP via Getty Images

Augmented reality startup Nreal is asking a court to throw out a lawsuit from Magic Leap, saying the heavily touted startup's suit amounts to sour grapes rather than a breach of contract.

Why it matters: The virtual reality and augmented reality markets are taking longer to develop, prompting companies to compete for their slice of a smaller-than-anticipated pie.

Go deeperArrowDec 18, 2019