Facebook Rose by 6 Percent As Introduced Rival App to TikTok

Facebook Rose by 6 Percent As Introduced Rival App to TikTok

With the announcement of the new application of social media giant Facebook, which rivals TikTok, the company's share values ​​increased by 6 percent. In this way, the individual fortune of Mark Zuckerberg, the founder of Facebook, has exceeded $ 100 billion. The personal wealth of the founder of the company, Mark Zuckerberg, exceeded $ 100 billion, as the shares of the social media giant Facebook rose. Facebook announced an application that would rival TikTok on Wednesday. Following the introduction of Reels, which can be used from within Facebook-owned Instagram, the company's share values ​​saw an increase of six percent on Thursday. Zuckerberg has a 13 percent stock in Facebook. Mark Zuckerberg took his place among the wealthy, whose fortune exceeded $ 100 billion after Amazon CEO Jeff Bezos and Microsoft founder Bill Gates with the rise of his shares. Zuckerberg added $ 22 billion to his personal wealth this year, according to Bloomberg. It is stated that the wealth of Bezos, the richest person in the world, has increased by 75 billion dollars.