Source: flickr.com; (CC BY 2.0)
Founder of Facebook, Mark Zuckerberg's personal wealth jumped by "$100 billion" following the launch of the Instagram reels as a means to replace rival Tik Tok, a "controversial Chinese app" reported the "Bloomberg Billionaires Index".
With this jump in personal wealth, Mark Zuckerberg joined the "Centibillionaire Club" of Jeff Bezos, the founder of Amazon, as well as Bill Gates, the founder of Microsoft. Zuckerberg happens to be the youngest to achieve this feat.
Moreover Gates and Bezos also saw an increase in their personal wealth. Following the launch of Instagram reels Facebook stock soared up by "12%" in 2 days.
ByteDance is a Chinese tech company that owned the Tik Tok app, which has come under President Trump's target, as he announced on 31st July 2020 about banning the app tik tok, which he claimed to be a "threat to national security".
Furthermore, an executive order was also issued prohibiting Americans to conduct business with ByteDance from 20th September 2020 onwards.
The largest five US tech companies, namely "Apple, Amazon, Alphabet, Facebook and Microsoft", hold the market valuations wortg the US GDP's 30%.
References:
timesnownews.com
With this jump in personal wealth, Mark Zuckerberg joined the "Centibillionaire Club" of Jeff Bezos, the founder of Amazon, as well as Bill Gates, the founder of Microsoft. Zuckerberg happens to be the youngest to achieve this feat.
Moreover Gates and Bezos also saw an increase in their personal wealth. Following the launch of Instagram reels Facebook stock soared up by "12%" in 2 days.
ByteDance is a Chinese tech company that owned the Tik Tok app, which has come under President Trump's target, as he announced on 31st July 2020 about banning the app tik tok, which he claimed to be a "threat to national security".
Furthermore, an executive order was also issued prohibiting Americans to conduct business with ByteDance from 20th September 2020 onwards.
The largest five US tech companies, namely "Apple, Amazon, Alphabet, Facebook and Microsoft", hold the market valuations wortg the US GDP's 30%.
References:
timesnownews.com
