The internet giant Facebook’s net worth has Increased $100 Billion. After it unrolled its social media rival of TikTok in over 50 countries. The new feature known as Reels launched last week. The function are often accessed through its popular Instagram App.
Right after the launch of Reels, a six per cent increase occurred within the Facebook shares within the Forex market. The rise within the share shifted Mark into Centibillionaire Club alongside Jeff Bezos (CEO Amazon) and Gates (CEO Microsoft).
The biggest benefactors of COVID-19 lockdown are Apple, Google, Amazon, and Facebook. As more people shop and obtain entertained through their online resources during the pandemic.
The personal wealth of Zuckerberg increased about $22 billion just this year. Whereas internet worth of Jeff Bezos took a stanch of $75 billion, consistent with reports submitted by Bloomberg.
Reels couldn’t launch at a far better time since the US President Donald Trump issued an executive order to handle what the US president termed as ‘threat’ of TikTok within the US.
The combined value of Facebook, Amazon, Google, and Apple is over $5 Trillion. The owners received an out sized sum of accusations regarding them crippling smaller rivals in their go after market share. The US senator Bernie Sanders unveiled the Billionaire Pay Act Plan. Which might oblige the billionaires to pay tax to the govt and contribute from the obscene amount of wealth they need made during COVID-19 pandemic.