{"id":127776,"date":"2023-01-03T13:34:22","date_gmt":"2023-01-03T08:04:22","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=127776"},"modified":"2023-01-03T13:34:24","modified_gmt":"2023-01-03T08:04:24","slug":"twitter-ceo-elon-musk-becomes-first-person-ever-to-lose-200-billion","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/twitter-ceo-elon-musk-becomes-first-person-ever-to-lose-200-billion\/","title":{"rendered":"Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion"},"content":{"rendered":"\n<p><strong>Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion:<\/strong> Elon Musk, CEO of Tesla and Twitter, became the first person to have $200 billion removed from his net worth. Elon Musk has seen a drop of up to $137 billion in his wealth after a recent drop in Tesla Shares. The shares of his electric car company are down nearly 65 percent. With a net worth of more than $185 billion, Elon Musk overtook the record for the richest person in the world for the first time in January 2021.<\/p>\n\n\n\n<p>However, he was replaced by Bernard Arnault, the chief executive of luxury brand Louis Vuitton\u2019s parent company LVMH as the world\u2019s richest man.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-january-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">January 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion- Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Elon Musk has applied a move-fast-and-break-things approach such as firing staff then asking them to come back and applying content policies haphazardly to justify banning the accounts of some prominent journalists who cover him.<\/li>\n\n\n\n<li>After a decline in Tesla stock prices of up to 65% in 2022 and the massive $44 billion purchase of Twitter, there are no significant assets left.<\/li>\n\n\n\n<li>Following these reports, Tesla has also announced a price drop in several of its model, offering a $7,500 discount for its Model 3 and Model Y vehicles.<\/li>\n\n\n\n<li>However, Musk has dismissed concerns about Tesla and has repeatedly taken to Twitter to criticize the Federal Reserve for raising interest rates at the fastest pace in a generation.<\/li>\n\n\n\n<li>Elon Musk founded SpaceX, Telsa, Inc., and is the founder, CEO, and chief engineer of Twitter.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Twitter CEO Elon Musk Becomes First Person Ever to Lose $200 Billion: Elon Musk, CEO of Tesla and Twitter, became the first person to have $200 billion removed from his net worth. Elon Musk has seen a drop of up to $137 billion in his wealth after a recent drop in Tesla Shares. The shares [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":127777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4996],"tags":[58,4919],"offerexpiration":[],"class_list":["post-127776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-january-2023","tag-international-current-affairs","tag-persons-in-news"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=127776"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127776\/revisions"}],"predecessor-version":[{"id":127778,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/127776\/revisions\/127778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/127777"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=127776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=127776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=127776"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=127776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}