Zuckerberg loses wealth- Social media giant Facebook CEO Mark Zuckerberg’s personal wealth went down . He lost nearly USD 7 billion in a few hours after Facebook, WhatsApp and Instagram suffered a global outage on Monday.
Dip in wealth.
According to a Bloomberg report, Zuckerberg also slipped to the 5th spot in the billionaires’ list . This was 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, many companies pulled advertising from Facebook Inc.’s network . This was 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% on Monday, adding to a 15 percent decline since mid-September.
The Global outage
Zuckerberg apologised for the disruption in the services of Facebook, Whatsapp and Instagram. The tech giant’s CEO Mark Zuckerberg has offered a personal apology to millions of its users worldwide . He said that services are returning online on Tuesday.
“Facebook, Instagram, WhatsApp and Messenger are coming back online now,” Zuckerberg said in a Facebook post. “Sorry for the disruption today . I know how much you rely on our services to stay connected with the people you care about,” he said.
Meanwhile Taking to Twitter early on Tuesday, WhatsApp said, “Apologies to everyone who hasn’t been able to use WhatsApp today. We’re starting to slowly and carefully get WhatsApp working again. Thank you so much for your patience. We will continue to keep you updated when we have more information to share.”
Meanwhile Facebook, WhatsApp and Instagram faced a major global outage on Monday evening . Following this thousands of users, including those from India, not being able to use these digital platforms.
Also Zuckerberg ‘s Facebook owns the photo-sharing platform Instagram and messaging platform WhatsApp. The outage is estimated to have started around 9 PM IST. Users complained of not being able to use any of the three services.
We are aware that some people are having trouble accessing our apps and products. We are working to get things back to normal as quickly as possible. Apologies for any inconvenience,” a Facebook spokesperson said.
Nevertheless the company did not specify the reason for the global outage. A tweet shared by Instagram said, “Instagram and friends are having a little bit of a hard time right now, and you may be having issues using them. Bear with us, we’re on it! #instagramdown”.
Microblogging platform Twitter was abuzz with tweets about the outage as netizens shared posts and memes about the outage. India has one of the highest number of users of Facebook as well as its other platforms.
As per government data shared earlier this year, India has 53 crore WhatsApp users, 41 crore Facebook users and 21 crore Instagram users.
image credits: Wikipedia
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