Amnon Shashua Faces Severe Crisis as Mobileye Plunges and One Zero Struggles
Technology billionaire Amnon Shashua faces a major crisis as Mobileye shares plunge 78% below their IPO price on Nasdaq, and cumulative losses at his digital bank One Zero reach 1.3 billion shekels.
Amnon Shashua, the prominent billionaire and technology entrepreneur, is facing a severe downturn across two of his flagship ventures: Mobileye and the digital bank One Zero.
Mobileye, the autonomous driving pioneer founded by Shashua in 1999, has seen its stock plummet by nearly 20% on Nasdaq over the past month, pushing its market capitalization below $5 billion. This marks a staggering decline of over 78% since the company's public offering in October 2022. Intel acquired Mobileye in 2017 for $15.3 billion in what was heralded as a monumental exit for the Israeli high-tech sector. However, following supply chain pressures and slowing growth, the company returned to the public market in 2022 at a valuation of $16.7 billion.
Financial struggles intensified in early 2026, when Mobileye recorded a massive accounting goodwill write-down of approximately $3.8 billion due to its valuation drop. In the third quarter, revenue dipped 2% to $492 million, although the operating loss narrowed slightly and the company modestly raised its full-year revenue outlook. By November 6, the stock closed at $5.73, leaving the company valued at roughly $4.87 billion.
Challenges at One Zero Digital Bank
Simultaneously, Shashua's foray into the banking sector is hitting major roadblocks. After joining the digital banking initiative in 2019 alongside Marius Nacht and taking full control in 2020, One Zero launched to the public in August 2022 with the aim of disrupting traditional banking through an innovative digital model.
Despite high ambitions, the business model struggled to gain traction, forcing the bank to alter customer acquisition strategies, freeze expansion plans, and undergo management shakeups. The bank has continuously required substantial capital injections from its shareholders.
The numbers underscore the depth of the crisis: One Zero posted losses of 357 million shekels in 2023, about 268 million in 2024, and 214 million in 2025. In the first half of 2026, additional losses of 84 million shekels pushed total cumulative losses since inception to approximately 1.3 billion shekels. Shashua himself has poured roughly $114 million into the bank over the years, and he is now exploring the sale of his controlling stake of about 60%.
