You can be on Entrepreneur’s cover!

60-Second Video: Tech CEOs Lose $61 Billion Here are three things entrepreneurs should know today.

By Hayden Field

entrepreneur daily

1. CEOs and founders of big tech companies reportedly lost $61 billion during October's stock market plunge. Primary shareholders of Facebook, Apple, Amazon, Netflix, Google, Baidu, Alibaba and Tencent took the biggest hit, and Amazon CEO Jeff Bezos lost as much as $34 billion over the course of the month.

2. Waymo is the first company to receive permission to test unmanned self-driving cars in California. That means that as soon as April, the company -- which is owned by Google -- could test autonomous vehicles without backup drivers on public roads in the state. This milestone could eventually pave the way for self-driving taxis and more.

3. Coca-Cola may have finally figured out a way to convince millennials to drink Diet Coke. The company surpassed investor expectations in its latest earnings report, partly due to people in their 20s and 30s buying the diet drink. The CEO attributes the success to a slender can redesign, new fruity flavors and brighter-colored packaging.

Hayden Field

Entrepreneur Staff

Associate Editor

Hayden Field is an associate editor at Entrepreneur. She covers technology, business and science. Her work has also appeared in Fortune Magazine, Mashable, Refinery29 and others. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

From Tom Brady to Kevin O'Leary – See Who Lost Big in the Wake of the FTX Crypto Collapse

The crash exposed an $8 billion hole in FTX's accounts, leaving investors and customers scrambling to recoup their funds.

Business News

Mark Zuckerberg Says This CEO Is the 'Taylor Swift' of Tech

Meta's CEO posed with Nvidia CEO Jensen Huang on Instagram Wednesday.

Business News

This Highly-Debated Piece of Cinematic History Just Sold For Over $700,000 at Auction

The wood panel from "Titanic" is often mistaken as a door. Either way, he couldn't have fit. (Sorry.)

Money & Finance

5 Simple Wealth-Building Tips For This Generation's Forward-Thinkers

Explore practical finance tips for young professionals striving to overcome economic challenges.

Leadership

What We Have to Gain By Talking About Grief and Loss At Work

I lost my husband to cancer during Covid — here's how it changed how I lead at work.