Facebook Boss Mark Zuckerberg Joins Centibillionaire Club

[appalachiablue]

The Guardian, Aug. 7, 2020.

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

[Squinch]

1. But whatever we do, we cannot raise taxes on the rich. Marky NEEDS that hundredth billion.

[Foolacious]

3. Apparently the Guardian thinks a centimeter is 100 meters. N/T

[Lucky Luciano]

4. Centennial/century represent 100 and not 0.01.

[Foolacious]

5. They do, but...

"centi" used as a prefix means 1/100th. However, my wife informs me that, according to several dictionaries, and unlike all other metric prefixes, "centi" is used both for 100x and 1/100th. It's not a matter of logic, but usage, apparently. I've also heard recently that "bimonthly" can now mean every two months or twice a month, despite the fact that we had a perfectly good word, "semimonthly", for the latter usage. Oh, well.

[Lucky Luciano]

6. Oh yes! The ambiguity of bimonthly is a good one!

I have had to clarify a few times on that one.

[Kid Berwyn]

7. All from digitizing his stalker notes at Harvard.

Dog = 0

Fox= 10

The catalogue of coeds evolved into Facebook.

[appalachiablue]

8. Yes, of course: the point of it all.

[Kid Berwyn]

9. Faceboot

“If you want a vision of the future, imagine a boot stamping on a human face - forever.” — George Orwell