Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta's Mark Zuckerberg.
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.
"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault told reporters.
A dividend of 17 euros per share will be proposed at the shareholders' meeting on April 13. An interim dividend of 5,5 euros was paid on December 4, while the remaining 7,5 euros per share will be paid on April 28.
Luxury giant LVMH is considering expanding its production in the United States, CEO Bernard Arnault revealed, highlighting the countrys wind of optimism compared to the cold shower of higher corporate taxes in
A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.
WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.
But what stays with me isn’t the overwrought antipathy between Elon Musk and Mark Zuckerberg, the tetchy tech titans who, in the summer of 2023, made noises — let’s call them grunts — about demonstrating their reciprocal disdain by squaring off and throwing down on the kind of stage used for Ultimate Fighting Championship events.
I continue to think that investing very heavily in CapEx and infra is going to be a strategic advantage over time.”
Mark Zuckerberg said that 2025 will be a “pivotal year for the metaverse” as Meta's Reality Labs' losses reach $60 billion since 2020.