Read more at forbes.com
It was recently seen that Michael Bloomberg has invested around $60 million in terms of Facebook ads as compared to $1651 to ads in American Samoa.
Apart from this, Bloomberg has also come up a political ad campaign which is likely to come up in February on Instagram. For this reason, Bloomberg seems to have hired around 30 meme accounts to promote the same.
Bloomberg also seems to give competition to Trump and in response to this has decided to shell out $1 billion.