Thursday, 21 October, 2021

Zuckerberg loses $6bn amid Facebook outage

Zuckerberg loses $6bn amid Facebook outage

Popular News

NEW DELHI: Social media giant Facebook CEO Mark Zuckerberg's personal wealth went down as he lost more than USD 6 billion in a few hours after Facebook, WhatsApp and Instagram suffered a global outage on Monday.

According to a Bloomberg report, Zuckerberg also slipped to the 5th spot in the billionaires’ list after Facebook stocks plunged due to the global outage. Zuckerberg, with a total wealth of USD 121.6 billion, has fallen behind Bill Gates.

Notably, a flurry of companies pulled advertising from Facebook Inc.'s network after the social media giant apps like WhatsApp, Instagram and messenger suffered a major global outage yesterday.

Mark Zuckerberg previously ranked at the third spot on Bloomberg's Billionaires Index. According to Bloomberg, the stocks of Facebook fell by 5 percent on Monday, adding to a 15 percent decline since mid-September.

Apologising for the disruption in the services of Facebook, Whatsapp and Instagram, tech giant's CEO Mark Zuckerberg has offered a personal apology to millions of its users worldwide and said that services are returning online on Tuesday.