Mark Zuckerberg is becoming more like a style influencer in 2024.
Chris Unger
Mark Zuckerberg isn't style icon by any means, but he's working on it.
After spending years wearing the same thing, the billionaire is changing up his fashion.
The internet is clearly loving Zuckerberg's new expression of himself through clothes.
Meta founder and CEO Mark Zuckerberg is known more for his accomplishments in the tech industry than his personal style, but it looks like the billionaire is finally taking steps (albeit small ones) toward becoming a fashion icon.
Zuckerberg — who's now worth $177 billion, per Forbes — burst onto the tech scene as a young coding prodigy responsible for the popular social media platform Facebook. All eyes were on him even in his early 20s, and the public quickly noted his laid-back style that consisted mostly of gray t-shirts.
Today, as a 40-year-old father and the head of a tech company that has expanded far beyond friend requests and pokes, Zuckerberg's look is again a topic of conversation.
In April, he debuted a chain necklace with his outfits, and the internet ate it up. Zuckerberg got the meme treatment and comments from his nearly 14 million followers complimenting him on his "drip," or style.
From lavish weddings and a big birthday bash in May to sitting ringside at UFC fights, his Instagram photos seem a little like those of an influencer.
Here's a look at Zuckerberg's style over the years.
Zuckerberg's style as Facebook took off was pretty normal for a twenty-something in the early aughts.
A 23-year-old Zuckerberg dressed a lot like a college student in 2007.
Paul Sakuma/AP
He dropped out of Harvard University to work on Facebook full-time in 2005, and his look at the time was that of a college student heading to class.
In the picture above, he paired his quarter-zip pullover with a pair of blue jeans — jeans which would become a recurring theme in Zuckerberg's life as a public figure.
The subdued outfit didn't really match the feisty attitude Zuckerberg had during the early days of Facebook. He infamously carried business cards that read, "I'm CEO, Bitch."
He's one of the tech execs who influenced the casual dress code of the industry.
Even when addressing his entire company in 2010, Zuck kept it very casual.
Marcio Jose Sanchez/AP
Eventually, Zuckerberg became known for his gray t-shirts and hoodies.
The jeans might have ranged from light to dark washes, but he almost always paired them with a hoodie and a comfortable pair of sneakers—he's wearing Brooks tennis shoes in the photo above.
"I really want to clear my life to make it so that I have to make as few decisions as possible about anything except how to best serve this community," Zuckerberg said in a 2014 Q&A. "I feel like I'm not doing my job if I spend any of my energy on things that are silly or frivolous about my life."
Zuckerberg spent years wearing essentially the same outfit everyday.
His style didn't change very much from 2010 (left) to 2014 (right).
Adam Mosseri, the head of Instagram, said during an appearance on "The Colin and Samir Show" that Zuckerberg spent many years "not wasting any energy on deciding what to wear."
Instead, he just wore "the same thing every day for a long time as a lot of tech execs have done," according to Mosseri.
"First day back after paternity leave. What should I wear?" he captioned a Facebook post that showed a rack full of the same gray shirts and dark gray hoodies in 2016.
As the years passed, Zuck found ways to elevate the "tech bro" uniform.
The shift in Zuckerberg's style becomes evident in 2019.
Drew Angerer/Getty Images
Around 2018, Zuckerberg's style shifted, perhaps with his fashion meant to reflect his increasing wealth. According to Forbes, he was worth about $71 billion that year.
Instead of a basic shirt and hoodie, the Meta CEO started wearing expensive-looking cashmere sweaters and paired them with better-fitting jeans.
More recently, it appears he's gotten more comfortable with switching up his clothing choices.
He might be a CEO, but Zuckerberg will always find ways to keep it casual like this outfit in 2021.
Kevin Dietsch/Getty Images
The pandemic blurred the lines of what exactly makes an outfit appropriate for work.
Returning to the office post-lockdown has spurred a new conversation about dress code, but when you're the boss, those rules are likely a bit looser.
Zuckerberg is pictured above with Facebook's then-chief operating officer, Sheryl Sandberg, and the former White House Office of National Drug Control Policy advisor Kevin Sabet in 2021.
The trio had just left a session at the Sun Valley Conference, but Zuck looked especially casual next to his peers. He ditched the blue jeans for shorts and completed the outfit with slip-on sandals.
He appears to take more style risks when he's traveling abroad.
Zuckerberg uploaded photos and videos of his trip to Japan on his Instagram and Facebook profiles.
@zuck via Instagram
Zuckerberg and Chan took a trip to Japan in February, and his vacation attire made major waves.
Months before his chain went viral, the shearling jacket he wore while in Japan caught the public's attention. When he was out and about, his Instagram followers saw more of his off-duty style.
Again, it included a neutral top, fitted jeans, and a pair of sneakers — this time white Nike shoes.
The new jacket, a departure from his old hoodies, made for an iconic "jersey swap" picture, with Zuckerberg trading tops with another iconic figure in tech, Nvidia CEO Jensen Huang.
Occasionally, he swaps his casual clothes for a classic suit.
Zuckerberg and his wife Priscilla Chan attended the pre-wedding celebrations of Anant Ambani and Radhika Merchant in March.
Reliance Industries via Reuters
Some events call for more formal dress, and Zuckerberg isn't too proud to push back on that.
For court appearances, luxurious weddings, and fancy ceremonies, he typically pulls out a classic black suit.
But for the March pre-wedding celebrations for members of India's richest family, the Ambanis, Zuckerberg and his wife Priscilla Chan wore all black, embellished with gold accents. He had a dragonfly on his lapel.
In 2024, Zuckerberg is going viral every few weeks for his new look.
Zuckerberg celebrated his 40th birthday on May 14, 2024.
@zuck via Instagram
The outfit he wore to his 40th birthday party in May cemented Zuckerberg's new era in fashion. He wore a gold chain and a black T-shirt, but unlike his past shirt choices, it had a message.
The top reads "Carthago delenda est," which translates to "Carthage must be destroyed," a phrase famously attributed to Roman historian Cato the Elder. As Business Insider previously reported, it was a rallying cry within Facebook in 2016 when it was competing with Google.
He also previously explained that the new chains are a part of his "process" of designing a "long-term" chain engraved with a prayer he reads to his daughters.
His motive is endearing, and the internet's obsession with the necklaces makes for a lot of viral content and positive attention.
"I love it so much," Mosseri said in June.
Zuckerberg was recently spotted wearing this $1,150 shirt while vacationing in Ibiza.
Zuckerberg wore this Balmain t-shirt during a vacation in Ibiza, Spain.
Balmain
Zuckerberg continued his exploration into designer shirts going during his and Chan's vacation in Ibiza, Spain, People reported. He was spotted wearing this white knit Balmain shirt with the brand's logo highlighted on the chest.
In spite of the hefty price tag, the Meta CEO surprisingly manages to keep this hypebeast shirt in line with his usual simple style. He accessorized with a pair of reflective glasses but kept the luxurious outfit casual with white sneakers and blue shorts.
He made waves on Independence Day when he surfed on his hydrofoil while wearing a tuxedo.
"Happy birthday, America!" Zuckerberg said in an Instagram post he published on July 4, 2024.
@zuck via Instagram
The Meta CEO went viral once more on July 4, 2024, when he posted a video of himself hydrofoiling.
Besides wearing a tuxedo and pair of Meta Ray-Bans, the billionaire can be seen in the clip waving the American flag while taking sips from a can of beer.
And if that wasn't enough, Zuckerberg scored the entire video to Bruce Springsteen's "Born in the USA."
"Pure 8 month post-recovery surfing with a dry start right here," Zuckerberg said in a comment on his Instagram post.
The UK has voted to put the Labour Party back in power, smashing the Tories' 14-year majority.
The stunning fall of the right-wing in the country has defied a larger trend in Europe.
Germany and France are on the brink of seeing the far-right gain critical mass. It's already won in countries like Italy.
As the dust settles from the UK's general election, it's clear the Tories have lost big.
The results from July 4 were a dramatic rebuke of an incumbent Conservative Party leadership that has governed for 14 years, with Prime Minister Rishi Sunak's faction losing more than 240 seats as the count wraps up.
Starmer has spent over a decade trying to reshape his leftist party into a more centrist movement, ejecting its socialist elements, including stalwart Jeremy Corbyn.
Labour's rise, largely telegraphed by pre-election polls, makes the UK a clear outlier in this year's political shifts in Western Europe.
The European Parliamentary elections in June have seen far-right factions gain critical mass among the continent's most prominent nations, and the results are cascading into an unraveling of power long-held by leftist governments there.
Germany's Scholz denies a snap election
Germany's Alternative for Germany (AfD), led by Alice Weidel and Tino Chrupalla, overtook Chancellor Olaf Scholz's Social Democratic Party in the EU polls despite losing key candidates and fighting a series of scandals.
Tino Chrupalla and Alice Weidel, co-leaders of the far-right Alternative for Germany (AfD) political party, celebrate on June 9, 2024, in Berlin.
Sean Gallup/Getty Images
Now in second place with 16% of the German vote, the far-right party has taken the result as a sign of national support shifting in its favor and called for a snap election at home. Scholz, however, has rejected the idea.
France's Macron in peril
It's a different story for France and President Emmanuel Macron, whose Renaissance party won only 14.6% of the vote in the European election.
With the National Rally — a far-right faction led by Marine Le Pen — taking first place with 31.3% of the French vote, Macron called for a snap election of his country's national parliament.
Marine Le Pen on June 30, 2024.
FRANCOIS LO PRESTI/AFP via Getty Images
As the first round of the French election closed on Sunday, results showed Le Pen's faction pulling far ahead of its leftist and centrist opponents.
A second round is to come on July 7, and the lead-up has evolved into a chaotic effort to keep the far right from power.
Meanwhile, Macron, whose approval ratings have plummeted to their lowest in his seven-year tenure as president, is keeping a low profile.
The Brothers of Italy win a show of support
In Italy, the far right has already cemented its power in the form of Prime Minister Giorgia Meloni's ultra-conservative Brothers of Italy, which became the ruling party in 2022.
Giorgia Meloni in June 2024.
Massimo Di Vita/Archivio Massimo Di Vita/Mondadori Portfolio via Getty Images
In a sign of sustaining support for her party, it won nearly 29% of the national vote in June's European Parliament elections, up from 6% in 2019.
The runner-up was the Democratic Party, with 24.1% of the Italian vote.
Elsewhere, much of Europe is leaning right. Spain's People's Party, a center-right faction, gained 34% of the country's vote in the European Parliament, beating the incumbent Prime Minister Pedro Sanchez's socialist government.
Still, the far-right faction there, Vox, struggled to gain a foothold, with only 9.6% of the vote, down from 12.4% in 2019.
The Netherlands has also just formed a right-wing government, with its largest component being the anti-immigration and populist Party for Freedom led by Geert Wilders.
To be sure, right-wing populism in the UK is seeing clearer beginnings. As of press time, Nigel Farage's Reform UK had taken 4 seats after winning nothing in 2019.
Farage, who led the Brexit movement, is now finally elected a member of the country's parliament with 46% of the vote in Clacton.
Reform UK party leader Nigel Farage on July 3, 2024.
Dan Kitwood/Getty Images
The dramatic changes in the polls come amid growing disdain toward the economic challenges faced in many parts of the continent, with a rising cost of living and inflation.
Some observers think the shifts are a sign of pure anti-establishment sentiment, with voters blaming whoever is in power regardless of whether they're on the left or right.
"There's a lot of dissatisfaction with the way democracy is working," Richard Wike, the director of global attitudes research at the Pew Research Center, said on an episode of FiveThirtyEight's politics podcast in June.
Kevin Bacon disguised himself as a "regular" guy for a day but didn't enjoy the experience.
Nathan Congleton/NBC via Getty Images
Kevin Bacon disguised himself with prosthetics to experience being a regular person for a day.
The Golden Globe-winning actor told Vanity Fair that it wasn't as fun as he thought it would be.
"People were kind of pushing past me, not being nice," he said. " "I was like, This sucks."
Kevin Bacon wanted to be a regular guy for a day, and he didn't have a great time.
In an interview with Vanity Fair published on Wednesday, the actor said he had always wanted to experience being a non-famous person, so he decided to try out a disguise.
"I'm not complaining, but I have a face that's pretty recognizable," Bacon, 65, told Vanity Fair. "Putting my hat and glasses on is only going to work to a certain extent."
To make his disguise as realistic as possible, the Golden Globe-winning actor visited a special effects makeup artist, who made him prosthetics.
With "fake teeth, a slightly different nose, and glasses," Bacon said he managed to walk down The Grove in Los Angeles without being recognized.
And the experience wasn't as pleasant as he thought it would be.
"People were kind of pushing past me, not being nice. Nobody said, 'I love you.' I had to wait in line to, I don't know, buy a fucking coffee or whatever," Bacon said. "I was like, This sucks. I want to go back to being famous."
Considering how he's been active in Hollywood since 1978 — when he was 20 — it comes as no surprise that he's accustomed to living life as a celebrity.
According to IMDB, Bacon has 91 film and video acting credits as of 2024. His most iconic role is in 1984's "Footloose," where he plays the lead character Ren McCormack.
It's also not unusual for people to treat celebrities or other high-profile individuals differently, especially if they don't recognize the person. And Bacon isn't the only famous person who's set out to discover what life is like as a regular person — and who hasn't liked what they found.
Last year in San Francisco, Uber CEO Dara Khosrowshahi moonlighted as a driver for the company for a few months in an attempt to figure out why recruitment was low. After creating an alias, he drove around picking up passengers in a Tesla Model Y.
"To put it mildly, the Tories are in trouble, which is a remarkable downfall for a party that's been in power for the last 14 straight years," comedian John Oliver (left) said of UK Prime Minister Rishi Sunak's (right) party last month.
Jamie McCarthy via Getty Images; Henry Nicholls/AFP via Getty Images
Turns out John Oliver was on the money when he predicted a bloodbath for the Conservative Party.
The comedian slammed the party in an episode of "Last Week Tonight" that aired in June.
"To put it mildly, the Tories are in trouble," Oliver said then.
In June, the comedian weighed in on the UK election in an episode of "Last Week Tonight." And now it seems Oliver was certainly on the money when he joined political watchers in forecasting a Tory defeat.
"To put it mildly, the Tories are in trouble, which is a remarkable downfall for a party that's been in power for the last 14 straight years," Oliver said.
Oliver also pointed out that the Conservatives have seen five prime ministers take office since 2010: David Cameron, Theresa May, Boris Johnson, Liz Truss, and Rishi Sunak.
"Look, it's objectively fun to look back at what a collection of weirdos ran Britain for years," Oliver said. "But it gets considerably less fun when you look at what they did to the country."
Oliver also took the opportunity to hold an early celebration of the Conservative Party's defeat on his show, holding out his arms as rain poured down on the "Last Week Tonight" stage.
"On July 4, Britain has a chance to wash itself clean of 14 miserable years of Conservative rule, and it is a chance it simply must take," Oliver said.
"If we do this, the Fourth of July will no longer be known as just an Americanholiday but also as the day when Britain looked at the Conservatives who've driven the entire country into a ditch, and said in one voice, loud and clear, 'Fuck off into the sun, you cunts, fuckpigs, and weirdos,'" Oliver added.
And it seems many UK voters agreed with Oliver's assessment that the Conservative leadership should be booted out.
At the July 4 polls, the Conservative Party suffered a massive defeat at the hands of its rivals, Labour. As of press time, the party had lost at least 240 seats.
UK Prime Minister and Conservative Party leader Sunak conceded defeat to Labour leader Kier Starmer early Friday morning.
"The British people have delivered a sobering verdict tonight," Sunak told reporters. "There is much to learn and reflect on, and I take responsibility for the loss."
Representatives for Oliver did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Our final losers were energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) slipped by 0.06% by the closing bell.
Turning now to the winners, it was (aptly) healthcare stocks that were most alive this Friday. The S&P/ASX 200 Healthcare Index (ASX: XHJ) shot up 0.74% this session.
Communications shares were on fire too. The S&P/ASX 200 Communication Services Index (ASX: XTJ) soared 0.5%.
Gold stocks had a great day as well, with the All Ordinaries Gold Index (ASX: XGD) surging 0.48%.
Utilities shares were close behind, as you can see from the S&P/ASX 200 Utilities Index (ASX: XUJ)’s 0.44% increase.
Tech stocks woke up on the right side of the bed too. The S&P/ASX 200 Information Technology Index (ASX: XIJ) saw its value rise 0.42%.
Consumer discretionary shares also had another happy day today, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)’s 0.37% lift.
Its consumer staples counterpart performed similarly. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) bounced 0.24% higher.
Top 10 ASX 200 shares countdown
Topping the index today was gold stock West African Resources Ltd (ASX: WAF). West African shares swelled by a confident 5.09% today to $1.445 a share.
There wasn’t any fresh price-sensitive news out of West African today, so perhaps the shares are just recovering a little after yesterday’s 13.2% loss.
Here’s how the rest of today’s best performers landed the plane:
Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.
Should you invest $1,000 in Bluescope Steel Limited right now?
Before you buy Bluescope Steel Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Bluescope Steel Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management and SiteMinder. The Motley Fool Australia has positions in and has recommended Corporate Travel Management and SiteMinder. The Motley Fool Australia has recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Shares of NIB Holdings Ltd (ASX: NHF) finished trade on Friday at $6.98, down 1.97%.
Whilst there’s been nothing market sensitive released by the company today, the moves come amidst a public standoff with St Vincent’s Health Australia regarding healthcare costs.
Some have raised concerns about the future of the insurer’s partnership with the hospital as a result. Here’s what you need to know.
St Vincent’s threatens to end negotiations
NIB shares were in focus on Thursday after non-profit hospital group St Vincent’s Health Australia put the health fund on notice, saying it could “walk away from their contract within the next 65 business days unless a new fairer funding agreement is reached”.
The contracts are to do with the funding agreement St Vincent’s has with NIB.
The group says it has asked NIB to provide a “fair funding agreement” that reflects increased healthcare costs of private hospitals.
St Vincent’s is Australia’s largest operator of non-profit private hospitals. It runs 10 private hospitals throughout NSW, QLD and Victoria and says NIB has “not put a fair offer on the table” whilst shutting the door on any future negotiations.
Now the group has threatened to walk away from talks with NIB after being left with “no choice”.
Unless a new funding agreement is reached within the notice period, St Vincent’s will end its contract with nib in early October (final day of notice period – Thursday, 3 October).
This means that, after this date â unless an agreement is reached in the meantime â patients who use nib for their private health insurance may be required to contribute more to the cost of their care when using a St Vincent’s private hospital.
St Vincent’s CEO, Chris Blake, said that over 70 private hospitals have closed in the past 5 years here in Australia. In fact, the Federal Government is reviewing the issue right now in a national review.
Blake also described St Vincent’s frustrations:
In the last 12 months, St Vincent’s has negotiated major new agreements with Medibank Private Ltd (ASX: MPL), HCF, and the Alliance group of health funds. While the negotiations were robust, both sides gave ground to achieve a fair result.Â
This is not a decision we take lightly. This is the first time in our 167-year history that St Vincent’s has given notice to a private health fund that we intend to end our agreement. It’s an indication of how seriously we treat this matter.
But nib has given us no choice but to make this call.
NIB shares continue downtrend
Whilst the news isn’t market-sensitive, NIB shares drifted 5% lower this week. This continues a longer-term downtrend that’s been in place for the past three months.
In that time, NIB is down from highs of $7.82 per share on 9 April.
The firm reassured its members of continued coverage while it hopes to resume negotiations with St Vincent’s Health Australia.
In a statement on Friday, NIB’s CEO, Mark Fitzgibbon, assured members booked for treatment at St Vincent’s hospitals that they will remain covered until at least October 3, according to The Australian.
Fitzgibbon expressed disappointment at St Vincent’s decision to go public with the dispute but insisted that NIB has made a fair offer.
If negotiations fail, NIB members can still receive treatment initiated before October 3 until discharge.
What this means for investors
Despite the dispute, brokers are positive. Goldman Sachs recently rated NIB as a buy with a price target of $8.10, citing favourable operating trends and strong policyholder growth. NIB’s approved rate increases of 4.1% this year are expected to support its financial stability despite the current challenges.
Still, the ongoing negotiations between NIB and St Vincent’s are critical for maintaining coverage and customer satisfaction.
Investors should keep a close eye on the developments, as the outcome could significantly impact NIB’s share price and market position.
NIB shares are down over 19% in the last 12 months.
Should you invest $1,000 in Nib Holdings right now?
Before you buy Nib Holdings shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Nib Holdings wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has positions in and has recommended NIB Holdings. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Russia faces intense pressure from sanctions targeting payment systems.
A top Russian banker says the country should stop talking about payment mechanisms due to sensitivity.
Russia is seeking alternatives to Western payment systems, acknowledging the challenge and time required.
Russia's top financial officials admitted the country is under huge pressure from sanctions as their methods for making trade payments keep getting shut down.
On Wednesday, a top Russian banker said the methods should be made a "state secret" due to their sensitivity, Reuters reported.
"I can see very well that right now somewhere at the US embassy, a second secretary is sitting and writing down every public statement of ours. Maybe he is even sitting here," said Andrei Kostin, the CEO of VTB Bank, Russia's second-largest lender.
"Whatever steps we take, we can see that the reaction is very quick," he said.
Kostin made the comment at a financial conference where he was on a panel with Russian central bank governor Elvira Nabiullina.
Nabiullina agreed with Kostin that it's better to avoid specifics about payment mechanisms.
She also admitted that Russia's business partners overseas were under "tremendous pressure" from Western sanctions. But she also expressed hope that an alternative global payments system not involving Western institutions will emerge.
"Different alternatives are being discussed. Businesses have become very flexible, very enterprising. They find ways to solve this and often don't even share them with us," said Nabiullina, per Reuters.
Western-led sanctions against Russia are intensifying
Despite sweeping Western sanctions over its invasion of Ukraine, Russia's economy has managed to keep humming thanks to wartime activities.
Russia's war-driven economy is so hot that the World Bank recently upgraded it to a "high-income country."
The West blocked some Russian banksfrom the widely used SWIFT messaging system for payments early in the war, but Russia and its trade partners have been able to skirt sanctions by using smaller banks or other payment modes.
However, the US and its allies have been intensifying restrictions, particularly with the use of secondary sanctions against institutions in third-party countries.
Russia has ramped up its information warfare, a new report reveals.
The Insider and German newspaper Der Spiegel found documents detailing an operation called Project Kylo.
The document estimated that it would cost Russian operatives $3 to manipulate one Western audience member.
Russia's foreign intelligence agency SVR hatched plans that involved staging fake, anti-state protests, filming them, and then disseminating them — a sprawling operation aimed at discrediting Ukraine.
This is according to a new report by The Insider and the German newspaper Der Spiegel. The organizations' joint investigation revealed the contents of a document obtained in a leak of SVR communications — detailing the ins and outs of Project Kylo, a 2022 strategic plan to spread misinformation about Ukraine in the West.
According to the report, one of the operations in Project Kylo would have cost the Russian spies around $3 a month to manipulate one Western internet user.
A main pillar of this campaign involved faking protests, with no more than 100 people being paid around $108 each. The false protests were filmed for "subsequent media dissemination," per the report.
The other part of the SVR's intelligence operations involved generating fake German news sites that branded themselves as independent investigations agencies. The sites churned out articles harping on economic issues in Germany, like homelessness, while disseminating content under incendiary headlines like "How Ukrainians are robbing Germany of economic prosperity."
"Waging network wars in EU cyberspace based on the increasing demands of Ukrainian migrants and the new waves of irritation of the local population provoked by this, according to preliminary estimates, will have a very high efficiency both now and in the foreseeable future," the SVR strategy document read, per translations from The Insider and Der Spiegel.
The leaked document further outlined how the "cognitive campaign" the Russians intended to run was centered on instilling in Western users "the strongest emotion in the human psyche — fear."
"It is precisely the fear for the future, uncertainty about tomorrow, the inability to make long-term plans, the unclear fate of children and future generations," the document read. "The cultivation of these triggers floods an individual's subconscious with panic and terror."
This leak of SVR documents is not the first time Russian operations in the West have been uncovered.
There have been multiple reports of Russian spies infiltrating the West, such as "Victor Muller," a Russian military operative masquerading as a Brazilian student who sought an internship at the International Criminal Court in The Hague to steal intelligence.
The S&P/ASX All Ordinaries Index (ASX: XAO) is slightly in the red on Friday, down 0.11%.
There are 500 companies within the ASX All Ords index.
We thought it might be interesting to see which ASX All Ords share delivered the best capital growth in FY24 and which one languished at the bottom of the pile.
ASX All Ords healthcare share Clarity Pharmaceuticals shot the lights out in FY24. The Clarity Pharmaceuticals share price soared by 674.29% over the 12 months.
Clarity is a clinical-stage radiopharmaceutical company. It’s developing next-generation therapy and imaging products used for the diagnosis and treatment of cancer and other serious diseases.
The majority of the stock’s impressive price ascension in FY24 began in April.
That’s when the company announced that the first patient ever to be dosed with two cycles of 67Cu-SAR-bisPSMA at 8GBq had a complete response to treatment based on RECIST criteria.
That meant the patient had maintained undetectable levels of prostate cancer for almost six months.
In March, Clarity successfully completed an institutional capital raising of $110 million. It then ran a fully underwritten retail entitlement offer at $2.55 per share, which raised a further $10.8 million.
The funds will be used to continue radiopharmaceutical product development.
Last month, Clarity announced it had received a near-$10 million research and development tax incentive refund as part of the Australian Federal Government’s R&D Tax Incentive program.
The Clarity Pharmaceuticals share price closed FY24 at $5.42.
The share price of ASX All Ords lithium share Core Lithium tanked by 90% in FY24.
Just a year ago on 30 June 2023, Core Lithium shares were worth 90 cents a piece. That was already a devastating 52% fall from their all-time record high of $1.875 on 13 November 2022.
On the final trading day of FY24, the Core Lithium share price closed at 9.35 cents. So, it’s not surprising that the stock was at the bottom of the ASX All Ords index for FY24.
The biggest news out of the company in FY24 was the suspension of mining at its flagship Finniss Project in the Northern Territory in January.
The company did this to conserve capital while lithium prices continued to fall. Since then, Core Lithium has continued analysing exploration results and processing stockpiled ore.
In the latest quarterly update, Core Lithium told investors its cash balance had reduced from $124.8 million at the end of December to $80.4 million at the end of March.
However, the company said it intended to sell an inventory of lithium concentrate and fines in 4Q FY24. At the time of the announcement, it valued the inventory at $25 million.
Should you invest $1,000 in Clarity Pharmaceuticals right now?
Before you buy Clarity Pharmaceuticals shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Clarity Pharmaceuticals wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Bronwyn Allen has positions in Core Lithium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
DroneShield Ltd (ASX: DRO) shares have enjoyed one of the most euphoric share price runs of any stock in the All Ordinaries Index (ASX: XAO) over the past 12 months.
A year ago, Droneshield shares were going for just 24 cents apiece. But fast forward to today, and those same shares are worth an extraordinary $1.94. That translates into a 12-month share price gain of 710%.
The gains are even larger for longer-term investors of this ASX defence share.
If one had owned Droneshield stock since April of 2020, when this company was priced at just 10 cents a share, they would be looking at a four-and-a-bit-year gain of 1,840%.
This stunning run leaves Droneshield with a respectable market capitalisation of $1.53 billion today.
With this kind of market cap under Droneshield’s belt, many investors might be wondering why Droneshield shares aren’t in the exclusive S&P/ASX 200 Index (ASX: XJO) club. After all, the ASX 200 is supposed to represent the largest 200 companies listed on the Australian share market.
And with a market cap of $1.53 billion, Droneshield is now well within that range.
On the surface, it does look like Droneshield’s ASX 200 inclusion is well overdue.
This company is now double the size of some of the ASX 200’s smallest constituents. Take Strike Energy Ltd (ASX: STX). Strike shares only joined the ASX 200 in February of this year, replacing the now-taken-over Costa Group Holdings Ltd. But today, Strike has a market capitalisation of just $643.7 million â less than half of Droneshield.
Another stock currently in the bottom realms of the ASX is Nanosonics Ltd (ASX: NAN). Nanosonics currently commands a market cap of $884.75 million. Yet it too finds itself in the ASX 200, whereas Droneshield shares do not.
So what’s going on here?
Why aren’t Droneshield shares in the ASX 200?
Well, the ASX 200 Index is a little more complicated than what investors might naturally assume. It is not simply a collection of the largest 200 shares on the Australian market. S&P Global, the company that manages most of the ASX’s indexes, lists several criteria for ASX 200 inclusion, of which market capitalisation is just one.
And even though a company’s market cap is an important factor, S&P Global doesn’t just automatically include a share when it reaches a certain market cap milestone in its next quarterly rebalancing.
…the market capitalization criterion for stock inclusion is based upon the daily average market capitalization of a security over the last six months.
The ASX stock price history (last six months, adjusted for price- adjusting corporate actions), latest available shares on issue, and the Investable Weight Factor (IWF) are the relevant variables for the calculation.
Today, Droneshield’s market cap is 440% higher than it was six months ago, which is one possible reason it hasn’t yet found itself in the ASX 200 Index.
S&P Global also uses liquidity as a test for ASX 200 inclusion. And Droneshield is now a very liquid stock by ASX standards, with more than 10 million shares traded so far this Friday. So it’s likely that Droneshield’s liquidity isn’t a factor here.
But S&P Global also uses another selection criterion for ASX 200 inclusion which might explain Droneshield’s absence in the index:
In order to limit the level of index turnover, eligible non-constituent securities will generally only
be considered for index inclusion once a current constituent stock is excluded due to a sufficiently low rank and/or liquidity, based on the float-adjusted market capitalization.
Remember we discussed Strike Energy’s ASX 200 inclusion? Well, that only happened thanks to Costa Group leaving the index. It looks as though it’s not Droneshield’s attributes that are resulting in its index exclusion today, but the attributes of the other shares on the index.
Next time a share is taken off the ASX boards or fails to meet the index’s market capitalisation and liquidity requirements, it might be Droneshield shares’ best shot at becoming an ASX 200 share. But until that happens, we might not see this company within the index. Watch this space.
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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield, Nanosonics, and S&P Global. The Motley Fool Australia has positions in and has recommended Nanosonics. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.