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Facebook CEO Mark Zuckerberg loses over $6 billion after social media outage

The outage lasted for nearly seven hours. Moreover, hours before the outage, a whistle-blower came forward and revealed her identity which also likely contributed to the outage.

Facebook CEO Mark Zuckerberg loses over $6 billion after social media outage
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After Facebook, WhatsApp and Instagram faced a massive outage on Monday, October 4, Facebook CEO Mark Zuckerberg's personal wealth reportedly fell by over $6 billion in a few hours.

The outage lasted for nearly seven hours. Moreover, hours before the outage, a whistle-blower came forward and revealed her identity which also likely contributed to the outage.

According to reports, Zuckerberg's personal wealth was reduced by over $6 billion in just a few hours. As per the Bloomberg Billionaires Index, this has cost Zuckerberg the fifth position among billionaires. Now, he stands with $120.9 billion in sixth place, behind Bill Gates. In addition, shares of Facebook plummeted about 5 per cent, adding to a 15 per cent drop since mid-September.

Major social media platforms that include the likes of WhatsApp, Instagram and Facebook went down on late Monday night, with reports speculating a global outage alongside a technical failure that has hindered the services of these platforms.

These platforms are owned by the American internet force Facebook. At nearly 9 pm, India time, users experienced outages on all the above-mentioned platforms. They then took to other platforms to voice their discontent regarding a plethora of issues they faced that include the likes of fresh messages not loading, or the user feed being disrupted.

ALSO READ: Man booked for allegedly posting disrespectful content on Facebook granted interim protection from arrest by the Bombay HC    

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