{"id":3259,"date":"2021-02-23T14:13:56","date_gmt":"2021-02-23T14:13:56","guid":{"rendered":"https:\/\/thenextweb.com\/?p=1340159"},"modified":"2021-02-23T14:13:56","modified_gmt":"2021-02-23T14:13:56","slug":"elon-musk-loses-title-of-worlds-richest-person-to-bezos-after-more-twitter-drama","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=3259","title":{"rendered":"Elon Musk loses title of world\u2019s richest person to Bezos after more Twitter drama"},"content":{"rendered":"\n
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Elon Musk\u2019s epic four-day stint<\/a> at the peak of global wealth has come to a tragic end after the tycoon\u2019s itchy Twitter finger triggered more financial upheaval.<\/p>\n

Musk lost $15 billion from his net worth in a single day after Tesla shares tumbled 8.6% on Monday.<\/p>\n

The sharp decline allowed fellow space-botherer Jeff Bezos to reclaim the crown of world\u2019s richest person<\/a>, with a ludicrous net worth of $186 billion.<\/p>\n

[Read: <\/i>How do you build a pet-friendly gadget? We asked experts and animal owners<\/i><\/span><\/a>]<\/i><\/span><\/p>\n

Bloomberg attributed<\/a> some of the losses to Musk\u2019s Twitter activity. The SpaceX founder tweeted<\/a> on Saturday that the prices of Bitcoin and Ether \u201cdo seem high,\u201d two weeks after Tesla announced it had snapped up $1.5 billion in Bitcoin.<\/p>\n

Analysts estimate<\/a> that Tesla made $1 billion in profit on the investment in just over a month, after the cryptocurrency hit a record high<\/a> of $58,000 over the weekend. But on Monday, Bitcoin plummeted by as much as 10%, showing the risks of tying Tesla share prices to the value of the volatile token.<\/p>\n

\n

That said, BTC & ETH do seem high lol<\/p>\n

\u2014 Elon Musk (@elonmusk) February 20, 2021<\/a><\/p>\n<\/blockquote>\n

Musk\u2019s tweet certainly isn\u2019t solely responsible for Bitcoin\u2019s flash crash or Tesla\u2019s biggest drop since September. But his ability to influence investors through social media could get him in further trouble<\/a> with the US Securities and Exchange Commission (SEC).<\/p>\n

Musk had mercifully pledged to take a break from Twitter<\/a> on February 2, but his love for self-promotion, stolen memes, and crypto bantz brought him back to the platform just two days later. A longer stint away from social media might be a wise idea if he wants to avoid another spat with the financial regulators.<\/p>\n

Published February 23, 2021 \u2014 14:13 UTC <\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Elon Musk\u2019s epic four-day stint at the peak of global wealth has come to a tragic end after the tycoon\u2019s itchy Twitter finger triggered more financial upheaval. Musk lost $15 billion from his…<\/p>\n","protected":false},"author":1,"featured_media":3260,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/3259"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3259"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/3259\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/3260"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}