Amnon Shashua's failures: One Zero for sale, Mobileye in decline

Amnon Shashua is experiencing setbacks in two of his prominent ventures: Mobileye's stock has lost about 78% of its value since its IPO, and One Zero has accumulated losses of approximately 1.3 billion shekels, as Shashua considers selling his controlling stake in the bank.

Billionaire and technology entrepreneur Amnon Shashua is facing major failures in two of his most notable ventures: Mobileye and One Zero. Mobileye's stock has lost about 78% of its value since its IPO in October 2022, bringing the company's valuation to under $5 billion. Meanwhile, Shashua is considering selling his controlling stake in One Zero bank, in which he holds about 60% of shares, after cumulative losses of approximately 1.3 billion shekels. The article reviews Mobileye's history, which was acquired by Intel in 2017 for $15.3 billion, and the operational difficulties of One Zero, including annual losses and significant capital infusions. The overall tone is neutral and data-driven.