Mark Zuckerberg Loses $6 Bn In Hours After Outage Of Facebook, WhatsApp, Instagram
Mumbai: Facebook CEO Mark Zuckerberg lost over $6 billion from his fortune within hours as the company’s shares fell amid a global outage of Facebook, WhatsApp and Instagram.
Shares of the social-media giant ended 4.89% lower on Monday, including yesterday’s sell-off, Facebook shares have fallen nearly 15% in the last month.
The company’s shares plunged 4.9% on Monday, taking Zuckerberg’s net worth down to $121.6 billion. With this, Zuckerberg dropped below Microsoft Co-founder Bill Gates to the fifth position on the Bloomberg Billionaires Index.
Zuckerberg has apologised for the widespread disruption in communication, saying in a social media post, “Facebook, Instagram, WhatsApp and Messenger are coming back online now. Sorry for the disruption today — I know how much you rely on our services to stay connected with the people you care about.”
The outage appears to be the largest in the social media major’s history based on the number of users affected. Facebook Chief Technology Officer Mike Schroepfer noted in a Twitter post that the problem was due to “networking issues”. He did not provide any other specific details.
It’s worth mentioning here that the outage was a major setback for Facebook over the past two days when a whistleblower alleged that the social media company prioritizes “profit over security”, urging lawmakers to regulate the company more strictly.
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