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Business

Facebook CEO Mark Zuckerberg Lost $7 Billion During Outage

Facebook CEO Mark Zuckerberg Lost $7 Billion During Outage

  • Facebook suffered its longest outage ever, as all the company’s applications failed to function for over 6 hours
  • The shocking downtime caused Facebook’s stock to slide on Monday with CEO Mark Zuckerberg losing $7 billion from his net worth
  • Zuckerberg’s personal wealth has dropped to $120.9 billion, making him the 5th richest person in the world, down from 4th

Facebook suffered a major outage on Monday that sent the company’s stocks sliding down.

All products owned by the company such as WhatsApp, Instagram, and Facebook Messenger failed to work for over 6 hours.

Everyone took to social media to lament about the situation but it turns out that the biggest loser was the company’s CEO, Mark Zuckerberg.

Mark Zuckerberg

Facebook’s stocks crashed by 5% on Monday evening, adding to a drop of 15% that happened in the middle of September.

Zuckerberg lost more than $7 billion from his personal wealth in those few hours, falling to $120.9 billion and 5th Bloomberg Billionaires Index.

According to Bloomberg, the businessman has lost more than $19 billion from his wealth valuation since September 13th.

The billionaire is now behind, Elon Musk, Jeff Bezos, Bernard Arnault, and Bill Gates on the world’s richest men list.

Following the restoration of services, Mark Zuckerberg took to Facebook to apologize for the platform’s downtime.

WhatsApp

“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,”

Although the company’s official page has also apologized for the outage, the company failed to give a reason for the shocking downtime.

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