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Mark Zuckerberg Loses $6billion After Facebook, WhatsApp, Instagram Crashed

Nkafu 237 | 05.10.2021 | 0 | World

Mark Zuckerberg Loses $6billion After Facebook, WhatsApp, Instagram Crashed

According to a report by Bloomberg, Facebook founder and CEO, Mark Zuckerberg, has lost over $6 billion in personal wealth following the crash of social media platforms Facebook, WhatsApp, and Instagram.

All three social media platforms, owned by Facebook, suffered outage on Monday evening October 4, 2021, in all parts of the world.

Mark Zuckerberg Loses $6billion After Facebook, WhatsApp, Instagram Crashed

According to Bloomberg, a selloff sent Facebook’s stock down 4.9%. That is in addition to a 15% drop recorded two weeks ago.

Mark Zuckerberg’s net worth is now valued at $121.6 billion. This ranks him as the fifth richest person in the world.

Facebook issued an apology moments after the crash and connection was restored after midnight.

“We’re working to get things back to normal as quickly as possible, and we apologise for any inconvenience,” Facebook tweeted.

However, the company is still to give an official reason to explain the disruption.

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