Tiktak's counter app: Bezos, Zuckerberg in Gates' 'club'
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Facebook founder Mark Zuckerberg's personal wealth has grown to 100 billion after the controversial Chinese video-sharing app Tick Talk announced the launch of Instagram Reels in the United States. |
Shares of Facebook rose more than 6
percent on Thursday after the announcement of the launch of the new short video
sharing app. And Zuckerberg now owns 13 percent of the company.
As a result, Facebook founder Jeff
Bezos of Amazon and Bill Gates of Microsoft joined the so-called 'billionaire
club.
Technology giants have recently been
in the spotlight due to the size and power of the company and its growing
resources.
Among the biggest beneficiaries of
coronavirus lockdown and restrictions are Facebook, Amazon, Apple, and Google.
Because during this time people have shopped a lot more online, watched videos,
and spent time through social media.
According to Bloomberg, Zuckerberg's
wealth has increased by িয়ন 22 billion
or ২০০ 2.2 billion this year, while that of Jeff Bezos has
increased by বিল 75 billion or ৭ 6.5 billion.
There could not have been a more
expensive time to launch the new video-sharing app Reels under Facebook-owned
Instagram as a rival to Tick Talk.
Because the very next day, President
Donald Trump issued a new executive order in his language to address the
‘threat of tick talk in the United States’.
The combined market value of the top
five technology companies in the United States - Apple, Amazon, Alphabet (owned
by Google), Facebook, and Microsoft - is about 30 percent of the country's
gross domestic product (GDP).
This week, Senator Bernie Sanders, in
his speech, tabled a proposal to impose a tax on the ‘increase in pornography’
of millionaires amid the coronavirus epidemic.
If the new law, called the Make
Billionaire Pay Act, is passed, it will have to pay a 60 percent tax on the
extra income generated by millionaires from the beginning of the epidemic to
the end of the year.
These tax revenues suggest that
Americans spend more than they can afford medical care.
Earlier, Zuckerberg said he would
leave the charity, founded jointly with Priscilla Chan, the wife of 99 percent
of Facebook, in a lifetime.
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