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Stocks are tanking, and the tech world's richest executives are losing billions.Amazon, Apple, Facebook and Google are getting hammered as investors sell their shares and retreat into safer territory.The founders, CEOs and top investors in those companies are losing money quickly.Amazon CEO Jeff Bezos has lost roughly billion since his net worth and peaked in early September at 8 billion, according to?the Bloomberg Billionaires Index. Amazon's stock (AMZN) has dropped more than 25% since then and is currently trading around ,500 a share, leaving Bezos with a 6 billion nest egg.It's not all bad news for him: Bezos is still the world's richest person.On Tuesday, Bezos and wife MacKenzie donated 0 million to two non profits that aim to end homelessness in America. It's part of the pair's pledge to donate? billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities.Facebook CEO Mark Zuckerberg's wealth is also taking a beating. He's lost roughly billionfrom his peak worth in late July and is now worth billion. He ranks as the seventh richest person in the world.Facebook has been rocked this year with a cascading series of problems, including a proliferation of hate speech on its platform, Russian political interference and the Cambridge Analytica data privacy scandal.Facebook's (FB) stock has lost 40% of its value since July and is currently trading around 0 a share. The company continues to struggle with?executive departures and damaging exposés.Like Bezos, Zuckerberg and his wife, Priscilla Chan,?have pledged 99% of their wealth to their organization for philanthropic needs. They also recently donated 4 million to another nonprofit.Microsoft founder Bill Gates, who still owns 1% of the tech company, has lost billion from his high in early October. He's still worth roughly billion and ranks as the second richest person the world, according to Bloomberg. 2066
SYLMAR, California — A freeway sign indicating drivers were using Interstate 5 South fell into traffic lanes Friday afternoon at the start of the holiday travel rush in Sylmar, north of Los Angeles.A driver reported to the California Highway Patrol that most of the sign fell into the middle lanes of I-5 at SR-14 at 1:15 p.m. Some parts of the sign were left dangling from the rigging.At least one driver hit some of the debris, according to the CHP’s online report. There were no reports of any injuries.Officers shut down south I-5 and diverted traffic into truck lanes, backing up the freeway into Santa Clarita.Caltrans crews removed the dangling sign and traffic on south I-5 was reopened about 3:30 p.m.The cause of the fall is under investigation. 773
The auction house says it didn't know anything about it. The artist famously doesn't like to show his face. The buyer is a mystery. So, for that matter, is the seller.In the case of the "self-destructing Banksy", nothing adds up.The startling stunt at Sotheby's in London has set the art world aflame. The image of a girl reaching out for a red, heart-shaped balloon had just sold, for .4 million.Moments later, a shredder hidden inside the picture frame began to whirr, the canvas slid down, and at least part of it ended up in strips.Sotheby's claimed it had been "Banksy'd."The British street artist, famous for being faceless, is certainly well known for his stunts. In 2006 he secretly erected a life-size replica of a hooded Guantanamo Bay detainee inside a ride in the California Disneyland theme park. In 2013 he set up a stall selling his original artwork for in a New York market and filmed people passing by, convinced that because of the price, the works were fake.On Saturday, Banksy published a video on Instagram that purported to show how he built a paper shredder into the frame of the 2006 painting "Girl with a Balloon.""The urge to destroy is also a creative urge," Banksy wrote, citing Picasso.But the video didn't answer everyone's questions -- not least about the involvement of the auction house. 1334
The Associated Press is reporting that six officers involved in the arrest of Freddy Gray — a young black man who died in the custody of Baltimore Police in 2015 — will not face federal charges.The U.S. Department of Justice announced Tuesday that the officers would not face charges from the federal government. Six officers were charged at the state level, three of which were acquitted. Three others had their cases dropped.Gray died on April 19, 2015, a week after he suffered a spinal injury while in custody after he was arrested for carrying a switchblade a week earlier. 597
STORY - One of the two girls who was molested by a La Jolla realtor faced the child predator at his sentencing Friday. Donald Hickey received a 25-years-to-life term as part of his plea deal in five felonies. In July, Hickey admitted to lewd and lascivious acts with a child and possession of child pornography. Prosecutors said the molestations occurred between 2009 and 2012. Hickey was caught thanks to a cyber tip submitted to the National Center for Missing and Exploited Children. Hickey apologized to his victims in court in August, saying “I’m sorry for everything that's happened. I take responsibility for it and I hope they do heal from it.'' ``No teenager should be in a situation where they sit down and think about what they're going to say to a pedophile,'' one of the girls said after Hickey pleaded guilty. ``No parent should have to decide whether or not to tell their child that they have been assaulted. I hate that you put my family in that position.'' City News Service contributed to this report. 1027