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Home Business & Corporates

Mark Zuckerberg lost $ 7 billion in hours after WhatsApp, Facebook and Instagram suffer global outage; stock slumps 5%

Lagatar News by Lagatar News
October 5, 2021
in Business & Corporates
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Lagatar24 Desk

On Monday, all services of Facebook were down for several hours around the world. Apart from the services of Facebook, the service of Instagram, WhatsApp, American telecom companies like Verizon, At&t and T Mobile were also stalled for hours. The three social media platforms had crashed for users worldwide on Monday, 4 October, evening, and users were unable to send or receive new messages, or refresh their feeds.

Due to this global outage, Facebook co-founder and CEO Mark Zuckerberg has also personally suffered a huge loss. His net worth fell by $ 7 billion (Rs 52,212 crore) in a few hours and he slipped down a notch in the list of billionaires. Zuckerberg ranked 5th in the Billionaires Index. As Zuckerberg’s net worth dropped to $120.9 billion and he fell below Bill Gates to 5th place, according to the Bloomberg Billionaires Index. Earlier he was in fourth place on this list. Since September 13 this year, his net worth has declined by $ 19 billion.

Meanwhile, Facebook shares started selling strongly in the US stock market and the share price fell by 5% in a single day. The stock has lost 15% since mid-September.

Social media platform Facebook CEO Mark Zuckerberg has said that Facebook, Instagram, WhatsApp and Messenger have resumed. Sorry for the interruption. I know how much you trust our services to stay connected with the people you care for. Notably, after being down for about 6 hours, these apps have started working partially again.

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