Zuckerberg Loses $6 Billion Hours After Facebook, WhatsApp, Instagram Crashed
Mark Zuckerberg, the founder and CEO of Facebook lost more than $6billion in personal wealth following the crash of Facebook, WhatsApp and Instagram.
All three social media services, owned by Facebook, suffered a global outage which upset businesses and disconnected billions of people around the world on Monday, October 4, 2021.
According to Bloomberg, a selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.
The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since September 13, when he was worth nearly $140 billion, according to the index.
Taking to twitter, Facebook apologised to users and confirmed that its apps were coming back online. “To the huge community of people and businesses around the world who depend on us: we’re sorry. We’ve been working hard to restore access to our apps and services and are happy to report they are coming back online now”, tweeted Facebook.
Similarly, WhatsApp in a tweet said, ”We’re starting to slowly and carefully get WhatsApp working again.”
No official reason has been given for the disruption.