The Chinese billionaire is set to hand over most of voting percentage to avoid overall control of the Ant group. In a statement released on Saturday, Jack Ma’s company announced changes that have taken place in the ownership structure that would prevent any shareholder, acting alone or in collaboration with other parties, from controlling Ant Group.
In a new lawsuit, Twitter shareholders are suing Elon Musk, alleging that he manipulated the price of the company’s stock for his own benefit in the course of agreeing to buy the company. The lawsuit represents a group of Twitter investors but would allow any shareholders to receive financial compensation. The suit was filed on Wednesday night in federal district court for Northern California and argues that Musk intentionally drove down the company’s stock to secure a better deal.
Richard Branson became the first billionaire and person to ride into space on a rocket that he helped build. Virgin Galactic’s supersonic space aircraft, carrying
