Back in 2014, Andrew Cunningham thought he and some colleagues had a hit with a smartphone app to create short bursts of reversible video. These days, if Cunningham wants to use his old app, it might be easier to pull up Instagram. The Facebook-owned photo-sharing app has an almost identical […]
Founder
Facebook founder sees wealth hit $100bn after TikTok rival launch
Facebook founder Mark Zuckerberg has seen his personal wealth rise to $100bn (£76bn) after the launch of a new short-form video feature. On Wednesday, Facebook announced the US rollout of Instagram Reels, its rival to controversial Chinese app TikTok. Facebook shares rose by more than 6% on Thursday. Mr Zuckerberg […]
Founder Hits Jackpot Thanks to China’s Love of Stock Trading
(Bloomberg) — When the coronavirus put a halt on people’s lives in China in February, Justin Jin’s old university classmates thought about selling face masks to make money. The 21-year-old suggested they instead try their luck with two stocks: Tesla Inc. and Tencent Holdings Ltd. That’s when Jin’s two friends […]