Mark Zuckerberg the new Bill Gates?

Mark Zuckerberg has moved into a position of influence and dominance in the tech industry.

Many believe that the Facebook CEO and Sillicon Valley founder has moved into Gates’ winning position. It is widely agreed within the tech community that Zuckerberg has become one of the most important figures within the industry.

Zuckerberg’s influence, style of leadership, strategies and charities has been compared to that of Bill Gates back in the 90s. Zuckerberg is viewed to have the same drive and determination as Gates – who is set on ‘winning at any cost’.

Bill Gates once dominated the tech industry with his gadgets, productivity apps, web browsers and software. Zuckerberg is now doing the same when it comes to apps and the advancement of social media. As Zuckerberg continues to see success, we witness history repeat itself.

One of the major similarities between the two is their status as the richest people on earth. According to Forbes, Zuckerberg has a net worth of $53.8 billion [£43.2 billion]. Zuckersberg’s net worth grew by almost $5 billion [£4 billion] in the first two weeks of 2017.

Zuckerberg – who owns 410 shares in companies – had suffered losses following the week of Donald Trump’s election. However, his fast recovery highlights how far his reach extends. Zuckerberg continues to have a lot of influence – as Gates did in his prime.

Many within the tech community also view Zuckerberg’s reaction to competitors to be similar to Gate’s approach. Rather than suffering from losses as a result of a competitor’s success both tech leaders place pressure on competition.

Both use the ‘copying and weaponising’ strategy. This strategy sees them take tech features of their competitors and use it as their own. Facebook and Instagram’s ‘story’ features bore striking resembles to Snapchat.

As a result of this Snapchat’s user growth reportedly ‘stalled’ in August 2016. Both leaders also use their ‘platform advantage’ to guarantee that they grow.

Zuckerberg is continuing to grow as the most important modern-day tech leader.

TNT Business

Photo Credit: Vanity Fair

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