Get All Access for $5/mo

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

By Hayden Field

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 Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.