MARK ZUCKERBERG LOSES $7 BILLION HOURS AFTER FACEBOOK, INSTAGRAM, AND WHATSAPP OUTAGE
The CEO of Facebook,
Mark Zuckerberg’s net worth is currently shedding billions as his social media
platforms are suffering global outages.
Zuckerberg’s net worth
dipped by $7 billion in a matter of hours as a stock selloff prompted Facebook
to fall by roughly 5%.
Zuckerberg’s wealth has
now dropped to $120.9 billion, making him the fifth-richest person in the world
behind Bill Gates, according to Bloomberg’s Scott Carpenter.
Zuckerberg had
previously risen as high as No. 3 on Bloomberg’s Billionaires Index, but his
net worth has been sliding for several weeks: Since September 13, Zuckerberg
has lost $19 billion, according to Bloomberg. Reports of issues accessing
Facebook — as well as Facebook-owned platforms Messenger, Instagram, and
WhatsApp — arose around 11:45 a.m.
ET on Monday, according
to user reports on Downdetector.
Facebook said in a
tweet that it is currently “working to get things back to normal as quickly as
possible.”
According to Ryan Mac,
a technology reporter at The New York Times, the outages are affecting
Facebook’s internal platforms as well, which Instagram chief Adam Mosseri
seemed to confirm in a tweet: “it does feel like a snow day,” he wrote.
But prior to Monday’s
outage, Facebook was the subject of a series of blistering Wall Street Journal
reports based on a trove of internal documents, which revealed that Facebook
knew about a range of issues with its platforms, including how Instagram
affects teenage girls and the rise of white nationalist content on Facebook.
The whistleblower,
Frances Haugen, revealed her identity on “60 Minutes” Sunday night.
As he was the No.3
richest person in the world, his wealth has now dropped to $120.9 billion hence
making him moves to the fifth richest person now as he rally behind Bill Gates
on Bloomberg’s Billionaire Index.
Reports show that Mark
Zuckerberg’s net worth has been sliding for weeks since 13th September and has
lost $19 billion.