All articles tagged with #austin russell
Luminar CEO Austin Russell is puzzled by the 86% drop in his company's stock, but investors have lost confidence due to the company's lack of profitability and competition in the lidar technology market.
Austin Russell, the 28-year-old founder and CEO of Luminar, is buying an 82% stake in Forbes Global Media Holdings in a deal that values the company at nearly $800 million. Russell's stake includes the remaining portion of the company owned by its namesake family. Russell, who became the world's youngest self-made billionaire in 2021, plans to grow Forbes and emphasize philanthropy within the business.
Austin Russell, the CEO of Luminar Technologies, is set to acquire an 82% stake in Forbes Global Media Holdings, valuing the business media outlet at nearly $800 million. The deal includes the remaining portion of the company owned by its namesake family and concludes a lengthy sale process.