MarkZuckerberg Lost Huge Billion of Dollars – Find out How much Exactly
WhatsApp, Instagram and Facebook have started to come back online after being down for more than six hours in a major outage.
The three apps – which are all owned by Facebook, and run on shared infrastructure – stopped working shortly before 5pm. Other related products, such as Facebook Messenger and Workplace, have also stopped working. Facebook and Instagram began working for users again at around 11pm, while WhatsApp remained still down.
Last night social media giant Facebook suffered a global outage that lasted for quite a few hours. WhatsApp, Instagram, Facebook all went down as users struggled to log in or use the popular social media apps. The fall out of the outage led to Facebook CEO Mark Zuckerberg ‘losing’ billions of dollars.
According to a report by Yahoo Finance, a selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.
MarkZuckerberg Lost Huge Billion of Dollars
The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.
Another report by Bloomberg, have stated that the stock price of Facebook went down 5%. With Facebook stock price falling, it affected the company CEO’s estimated net worth. As per the report, Zuckerberg’s estimated net worth went down to $121.6 billion — about $6 billion less than when the day began.
In the Bloomberg Billionaires’ Index, Zuckerberg dropped to the 5th spot. Microsoft co-founder Bill Gates climbed up the list in fourth place with an estimated net worth of $124 billion. Facebook confirmed that a faulty configuration change led to the outage. The company also said that no user data was actually compromised during the downtime, ruling out the possibility of a cyber-attack.
In an official blog post, Facebook said that “Our engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between our data centers caused issues that interrupted this communication. This disruption to network traffic had a cascading effect on the way our data centres communicate, bringing our services to a halt.” Zuckerberg meanwhile apologized for the disruption once Facebook services were back up and running