Facebook founder Mark Zuckerberg talk tiktok

: Facebook founder Mark Zuckerberg has raised his personal wealth to $ 100bn (£ 76bn) following the launch of a new short-form video feature.

On Wednesday, Facebook announced its rival to the controversial Chinese app TikTok, the American rollout of the Instagram reels.

Facebook shares rose more than 6% on Thursday. Mr. Zuckerberg has a 13% stake in the company.

He joined Amazon's founder Jeff Bezos and Microsoft's Bill Gates in the distinctive so-called 'Sentinier Club'.

Technology owners have been in the headlines recently as the size and power of their companies and their personal fortunes are increasing.

: Tiktok Executive Order

The short-form video feature reels, seen as a rival to the controversial Chinese-owned Tiktok platform, operate within the Facebook-owned Instagram photo-sharing app.

The launch could not have come at a better time for Mr Zuckerberg as Donald Trump on Thursday issued an executive order to see the US president as a "threat" to Tiktok in the US.

Facebook, Amazon, Apple and Google are among the biggest beneficiaries of the coronavirus lockdown and ban more people from shop, watch entertainment, and online socialization.

According to Bloomberg, Mr. Zuckerberg's personal wealth has increased by about $ 22bn this year, while Mr. Bezos' earnings have risen to more than $ 75bn.

: The so-called tech titans, including Mr. Zuckerberg, have come under scrutiny by US and European lawmakers over allegations that their power and influence are out of control.

The five largest US tech companies, Apple, Amazon, Alphabet, Facebook, and Microsoft, currently have a market value equal to about 30% of the US gross domestic product (GDP).

Money tax

US Senator and former Presidential hopeful Bernie Sanders this week revealed plans to tax in the name of "obscene money gains" made by billionaires during the Karonovirus epidemic.

The "Make Billionaires Pay Act" will increase 60% of a billionaire's net worth from the beginning of the epidemic to the end of the tax year.

Mr. Sanders proposes that the tax revenue earned will go toward out-of-pocket health care spending for Americans.

Mr. Zuckerberg has previously stated that he plans to give 99% of his lifetime Facebook share through the charitable foundation he has established with his wife, Priscilla Chan.

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