The capitalization of US technology giants has fallen by almost $800 billion, and Ilon Musk as the owner of Twitter fired the social network’s executives – these and other important news for the morning of Friday, October 28, in our daily review.

Over the past week, the largest technology companies have depreciated by almost $800 billion, writes the Financial Times.As the publication notes, their losses on the stock market increased on Thursday, after the publication of Amazon (NASDAQ:AMZN) revenue forecast for the fourth quarter: the company expects a profit of $140 billion instead of the $155 billion forecasted by analysts, although usually in this quarter shows growth and z-zap purchases for the holidays. This led to the fact that the value of the five largest technology companies – Amazon, Alphabet (NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Meta (NASDAQ:META) (recognized in Russia as extremist and banned) and Microsoft (NASDAQ:MSFT) – was 950 billion less than at the beginning of the reporting season (in mid-October), the newspaper pointed out.

Tesla (NASDAQ:TSLA) CEO, billionaire Ilon Musk has taken over the leadership of Twitter, Twitter CEO Parag Agrawal and CFO Ned Segal have left the company’s San Francisco headquarters and will not return. This is reported by CNBC with reference to sources in Twitter. The Washington Post writes that Ilon Musk became the owner of Twitter late in the evening on Thursday, October 27. Three interlocutors of the newspaper said that he fired several top managers of the company, one of the sources said that the deal to acquire the social network for $44 billion is closed.

Mark Zuckerberg’s fortune shrank by $11 billion over the day after Meta’s shares (recognized as extremist and banned in Russia) collapsed by almost a quarter on Thursday amid a report on a decline in revenue. As of the morning of October 28, Zuckerberg’s fortune is estimated at $36 billion, the billionaire dropped from 25th to 29th place in the list of the world’s richest people, according to Forbes Real-Time data.

Inflation in Turkey by the end of 2022 may increase from 60.4% to 65.2%, said the head of the Central Bank of the country Sahap Kavcioglu, reports Reuters. The head of the agency noted that the Central Bank of Turkey was “not very successful” in curbing price growth. The increase in the forecast has become the fourth this year, the agency notes.

NOVATEK is ready to invest about 40 billion rubles in the construction of a regasification terminal in Kamchatka, gas carriers for it and onshore facilities. This was announced by Leonid Mikhelson, co-owner and pre-management of NOVATEK (MCX:NVTK), at a briefing at the Verona Eurasian Economic Forum, RBC reports.