Jack Ma to Take Early Retirement & Tesla's Shares Fall 6%: 4 Things to Know Today
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1. Alibaba’s executive chairman Jack Ma is set to step down. English Teacher turned Tech founder, Ma is reportedly planning to take an early retirement to focus on philanthropy in education.
2. Elon Musk is losing control. After calling Thai cave diver child rapist in an angry email, the Tesla CEO again made headlines this week for smoking weed during a live podcast. Following the act, Tesla’s shares crashed 6 per cent.
3. Apple products’ price is about to hit a new high. The tech giant admitted that US proposed tariffs on China will increase their production cost greatly, ultimately raising the prices.
4. Uber has big plans for Japan. In a bit to establish itself as an independent cab aggregator in the country, Uber would be soon launching a taxi-hailing app for taxis operating in Nagoya.
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