Mark Zuckerberg loses USD seven billion in hours following global outage

Economy

Published: 2021-10-04 22:19

Last Updated: 2021-12-04 15:52


Credit: The Guardian
Credit: The Guardian

Facebook CEO Mark Zuckerberg’s personal wealth has fallen by nearly USD seven billion in a few hours due to the Facebook, Instagram and WhatsApp outage.

Zuckerberg now ranks fifth on Forbes Real Time Billionaires List.

Facebook’s shares dropped five percent following the global outage the company is currently experiencing.

Earlier Monday, Facebook, WhatsApp and Instagram stopped working around the world.

According to the tracking website Downdetector, many users reported that they were having problems using all three apps shortly after 4pm Monday.

A social media user wrote on Twitter “Seems like there is another Facebook family outage. WhatsApp, Instagram and Facebook apps are not refreshing.”

Another said “I've tried Whatsapp several times, I thought it's my internet connection.”

Facebook wrote on Twitter "We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience."

WhatsApp also said on Twitter "We’re aware that some people are experiencing issues with WhatsApp at the moment. We’re working to get things back to normal and will send an update here as soon as possible. Thanks for your patience!"

Instagram tweeted on their official account "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!"