Facebook Boss Mark Zuckerberg Joins Centibillionaire Club
This discussion thread was locked as off-topic by applegrove (a host of the Latest Breaking News forum).
Source: The Guardian
The 36-year-old follows Jeff Bezos and Bill Gates as fortune passes $100bn for first time.
Mark Zuckerberg's fortune has passed $100bn (76bn) for the first time, adding him to an exclusive club of the world's centibillionaires, after Facebook's shares surged on news it is to launch a rival to the video-sharing app TikTok.
Facebook announced the US rollout of Instagram Reels, its answer to the Chinese app TikTok, as the US president, Donald Trump, issued bans on American companies transacting with its parent company, ByteDance, and Tencent, which owns the WeChat messaging service.
Zuckerberg owns a 13% stake in Facebook and his net worth passed $100bn as shares in the social network surged by 6% on investor optimism over the prospects of the TikTok rival. The 36-year old joins the Amazon founder, Jeff Bezos, and Bill Gates, Microsoft's founder, as the only people who have centibillionaire status, according to the Bloomberg Billionaires Index....
Read more: https://www.theguardian.com/technology/2020/aug/07/facebook-boss-mark-zuckerberg-joins-centibillionaire-club
bucolic_frolic
(42,677 posts)Facebook is irrelevant to me. Never used it. Never will.
appalachiablue
(41,055 posts)Devil Child
(2,728 posts)They will not stop until they are forced to stop.
randr
(12,408 posts)the system that they built.
Imagine setting up a toll booth on every highway and collecting a fee. This is why we need to regulate the internet and make it a utility, much like electricity, available to everyone at a standard fee.
The profits for selling the information generated by the use should return to the people creating the information.
appalachiablue
(41,055 posts)groundloop
(11,488 posts)NOT!!!!!!!
Like Forrest Gump's mom said - You only need so much and all the rest is just for show.
Srkdqltr
(6,129 posts)Letters to newspapers that few people would read with no instant feedback.
melm00se
(4,974 posts)is liquid?
I know that at this level a lot of this discussion is a relative one but what percentage of his worth is liquid and available for quick (again a relative term) use/access?
Botany
(70,291 posts)Without Facebook, we wouldn't have won, said Theresa Hong (Trump's digital platform manager)
INTERVIEWER: I mean, what were Facebook, Google and YouTube people actually doing here? Why were they here?
THERESA HONG: They were helping us, you know I mean they were basically our hands-on partners as far as being able to you know, utilize the platform as effectively as possible.
[The Trump campaign spent $85 million on Facebook.]
When youre pumping in millions and millions of dollars to these social platforms, youre gonna get white club treatment, so they would send people, you know, representatives, to the Project Alamo to ensure that all of our needs were being met.
http://littlegreenfootballs.com/article/47517_A_Stunner-_Trump_Digital_Leade
appalachiablue
(41,055 posts)4dog
(500 posts)delisen
(6,039 posts)We remain in the shadow of Dictatorship as long as we use and grow Facebook.
appalachiablue
(41,055 posts)LiberalLovinLug
(14,154 posts)Its way too much power and responsibility for one person.
And like Zuckerberg, it creates a "God Complex". He's a younger version of Kavanaugh, who grew up privileged and sexist, and created an app to judge women's looks and rating them. It was the perfect storm in that the world was just at the brink of the new social media age where the internet was primed and ready for a social contact hub to connect with each other. So his app had a head start to morph into that.
In those White House meetings with Trump, I imagine them rating different public women and having a laugh. And Mark assuring Donald that he won't censor any ad he wants on there. Once a dick always a dick.
applegrove
(118,022 posts)Alert: not important news of national interest
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