Tag: Tik-Tok
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Zuckerberg now worth more than $100bn as Facebook stock rose due to release of TikTok rival, Instagram Reels
Facebook founder and CEO Mark Zuckerberg’s net worth surpassed $100 billion for the first time on Thursday after the company released its TikTok competitor, Reels. Optimism in Facebook Inc. hit record levels following the release of the new Instagram feature which comes as TikTok faces a possible ban in the U.S. as the Trump administration…
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Microsoft talks to buy TikTok’s U.S. operations spark ire in China
A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. The U.S. tech giant formally declared its interest on Sunday after President Donald Trump, who has cited national security risks posed by the…