Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Ousted billionaire Founder of Luminar makes bid to take back company
short by Medhaa Gupta / on Saturday, 18 October, 2025
Luminar Technologies' billionaire Founder Austin Russell, who was ousted as CEO of his company following an ethics inquiry, has made a bid to take back his company. As per a regulatory filing, Russell plans to buy all outstanding shares of the LiDAR maker's Class A Common Stock through his new firm Russell AI Labs. Russell is still on Luminar's board.
read more at NewsBytes