Following a $6 billion loss due to the outage, Mark Zuckerberg’s net worth has dropped in the latest index.
The recent Facebook outage impacted more than just social media users. Mark Zuckerberg, the company’s CEO, is said to have seen a significant decline in his personal worth.
According to recent sources, the internet mogul lost more than $6 billion as a result of the social media shutdown, which lasted several hours.
The Facebook outage has taken a toll on Mark Zuckerberg’s net worth.
According to Bloomberg, the social media giant’s stock dropped about 5% on Monday, October 4. A 15 percent drop was noted in mid-September, prior to this drop.
Following the big Facebook outage, one of the world’s billionaires’ net worth has risen to $121.6 billion. His net worth plummeted by more than $6 billion.
According to the most recent Bloomberg Billionaires Index, Zuckerberg has slipped to fifth position on the list. He has now surpassed Bill Gates, the creator of Microsoft, who has a current net worth of $124 billion.
Experience with Facebook-Owned Businesses ‘Lights Off’ abruptly Facebook isn’t the only social media network that has been affected by the latest social media outage. The outage also impacted the company’s other apps, including Instagram and WhatsApp.
According to a 9to5Mac report, social media users began to suspect that something was amiss with the platforms at 8:40 a.m. PT. Other users discovered that it was the outage, not the internet, that was causing an issue on the app at the moment.
Many people resorted to other social media platforms, such as Twitter, to express their dissatisfaction with the situation. The outage is said to have lasted more than six hours.
The cause of the Facebook outage has yet to be discovered, however it is most likely a DNS issue. It has affected the areas of social media.
What makes the outage even worse is the inclusion of the internal network. As a result, the outage lasted longer than usual.
By 6 p.m. ET, the system for Facebook, Instagram, and WhatsApp had been restored, according to 9to5Mac.
Also see: Misinformation on Facebook Gets More Clicks Than Actual News [STUDY] Facebook is planning a boycott. We reported in September that certain groups of individuals want to boycott the world’s most popular social media program. The protest is set to take place next month.
All Facebook users were encouraged to join the movement of logging out of the app by the social advocates. The people who took part. News from Brinkwire in a nutshell.