How Zuckerberg Lost $7bn To Facebook Shutdown
It was recorded on Monday that Mark Zuckerberg’s personal wealth fell by nearly $7 billion in a few hours over Facebook shutdown.
The incident knocked him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline according to Bloomberg reports.
The shutdown began since 04:25pm on Monday, users visiting Facebook, Instagram, and WhatsApp confronted so many error messages making the users express plight with their mobile phones.
According to report, over three billion online users were frustrated and unable to connect all over the world due to the shutdown.
Chief Technology Officer at Facebook, Mike Schroepfe, tweeted, “Sincere apologies to everyone impacted by outages of Facebook powered services right now.
“We are experiencing networking issues and teams are working as fast as possible to debug and restore as fast as possible.”
According to Bloomberg, a selloff sent the social-media giant’s stock plummeting around five per cent on Monday, adding to a drop of about 15 per cent 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 [Zuckerberg] has lost about $19 billion of wealth since September 13, when he was worth nearly $140 billion,” the index recorded.
•Source: Bloomberg
