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Indian Entrepreneur To Leave Canada Over Bureaucratic Troubles, Post Viral

An Indian-origin entrepreneur running an artificial intelligence (AI)-powered Foodtech platform in Canada has gone viral after announcing his plans to leave the country. Maulik Pandya, the CEO and founder of Eatance, took to LinkedIn to announce his decision after enduring a bureaucratic nightmare where he faced a "new trap from the Canadian system" almost every day. "We are leaving Canada. We made this decision through tears. We are dissolving our beautiful nest we built with love as family of four with two wonderful daughters," wrote Pandya. "We did not come to this lightly. We have spent many sleepless nights, cried and watched our mental health and physical health fade," he added. Pandya said his family's journey in Canada was cut short owing to the bureaucratic hurdles that led to issues regarding her daughter's education and the company's future. Pandya said he kept losing money while paying taxes, creating jobs and contributing to th...
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Elon Musk Reclaims The Title Of World's Richest Person

Elon Musk has reclaimed his title as the world's richest person, according to Bloomberg Billionaires Index. 

In December last year, Bernard Arnault, CEO of the French luxury brand Louis Vuitton, dethroned the Tesla and Twitter CEO from the top rank. Mr Musk was at the second spot for more than two months. According to Bloomberg, a surge in Tesla stock has sent Mr Musk back to the top of the Billionaires Index.

According to the estimates, as of Monday, after the markets closed, Mr Musk's net worth was approximately $187.1 billion, surpassing Mr Arnault's $185.3 billion fortune.

However, Tesla chief's net worth fell by over $200 billion between November and December last year, which was regarded as one of the largest losses of wealth in recent history.

Also Read: "Hard Work Was A Mistake": Twitter Employee After Being Fired

The rapid decrease in the value of Tesla shares at the time caused the sudden crash. The company had its worst year ever on Wall Street last year, losing $700 billion because of investor apprehensions regarding the effects of Covid-19 in China and Mr Musk's contentious takeover of Twitter.

Amid all this, the Twitter CEO is making cost cuts at his newly acquired company for which he spent $44 billion. He had tweeted in November that the microblogging site was losing nearly $4 million a day. 

Recently, Twitter announced its eighth round of layoffs and more than 50 people were fired by Mr Musk-led administration. This comes after the billionaire cut more than 3,700 jobs at Twitter or half of the company's workforce, a move to drive down costs following his acquisition.



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