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Tesla shares are officially down 40% this year – here’s why the stock could fall further

Tesla stock notched another grim milestone Friday, extending stock year-to-date dive to over 40%, and there remains plenty of cause to remain highly cautious about the stock in the near term even as it grows cheaper.

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  • By Derek Saul
  • Forbes Staff

Medals and cash: What to know about Olympian prize money for Paris Olympics

World Athletics announced this month it will be providing a $50,000 reward for athletes who take home gold at the summer Paris Olympics.

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  • By Antonio Pequeño IV

America’s TikTok ban just got one step closer – Here’s what you need to know

TikTok opposes the legislation, saying it will “trample the free speech rights” of millions of Americans.

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  • By Ty Roush
  • Forbes Staff

Could this be Australia’s secret weapon in the pool at Paris?

We take a deep dive with Swimming Australia’s general manager of performance and the Olympic campaign, to understand our competitive advantage at Paris 2024.

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  • By Shivaune Field
  • Business Journalist

Netflix has added 9 million subscribers since controversial password crackdown

Netflix faced a “tricky setup” heading into earnings as its stock already likely prices in much of the upside as its potential new consumer base dries up.

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  • By Derek Saul
  • Forbes Staff

Tesla recalls nearly 4,000 Cybertrucks over accelerator pedals that can get stucked

Regulators said the issue was likely caused by an unapproved soap used during manufacturing.

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  • By Ty Roush
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Kanye West paid $57 million for a Malibu mansion, then gutted and abandoned it. Now, nobody wants it.

Kanye West is facing an $18 million loss on an abandoned Malibu property he’s trying to sell without completing the extensive renovations he’d planned.

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  • By Mary Whitfill Roeloffs

Meta AI declares war on OpenAI, Google with ‘Llama 3’ chatbot

Unlike major competitors including Google’s Gemini and OpenAI’s ChatGPT, Meta’s Llama 3 model is open source and the AI assistant it powers has previously been locked inside the company’s app ecosystem, which includes Facebook and Instagram.

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  • By Robert Hart
  • Forbes Staff

Walmart-Backed Ibotta Soars Over 17% After IPO

Ibotta shares had a $88 offering price, well above its initial estimated offering range between $76 and $84.

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World of Forbes: Stories of entrepreneurial capitalism across 42 international editions

A global perspective on the business landscape, as told by Forbes magazines spanning six continents.

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  • By Katherine Love
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