Mark Zuckerberg, Chief Executive Officer of Facebook

How Zuckerberg loses $7bn after Facebook, Instagram, WhatsApp global outage

*Facebook Chief Executive Officer Mark Zuckerberg’s personal wealth slipped as he lost almost $7billion and 5th position in the billionaires’ list a few hours after Facebook, WhatsApp and Instagram suffered a worldwide outage Monday

Isola Moses | ConsumerConnect

Sequel to the massive outages that hit the major social media services, including Facebook, Instagram and WhatsApp Monday, October 4, 2021, Mark Zuckerberg, Chief Executive Officer of Facebook and social media mogul has lost about $7billion to the incident.

ConsumerConnect reports the disruptive service outages must have impacted   potentially tens of millions of users of the affected platforms worldwide.

Zuckerberg’s personal wealth slipped as he lost nearly $7billion in a few hours after Facebook, WhatsApp and Instagram suffered a global outage Monday, agency report also stated.

The Facebook CEO also slipped to the 5th spot in the billionaires’ list after the company’s stocks plunged due to the unexpected worldwide service outage.

Earlier before restoration of services on the platforms, outage tracker Downdetector was showing outages in heavily populated areas, including Washington in the US, and Paris, in France, with problems being reported from around 1545 GMT, report said.

Users trying to access Facebook in affected areas were greeted with the message: “Something went wrong. We’re working on it and we’ll get it fixed as soon as we can.”

Facebook Spokesman Andy Stone reportedly said via Twitter account:  “We’re aware that some people are having trouble accessing our apps and products.”

The outage was reported to have ensued a day after a whistleblower went on US television to reveal her identity after she leaked a trove of documents to authorities, alleging the social media giant knew its products were fuelling hate and harming children’s mental health.

Frances Haugen, a 37-year-old data scientist from Iowa, has worked for companies including Google and Pinterest — but said in an interview with CBS news show “60 Minutes” that Facebook was “substantially worse” than anything she had seen before.

The world’s largest social media platform has been embroiled in a firestorm brought about by Haugen, with US lawmakers and The Wall Street Journal detailing how Facebook knew its products, including Instagram, were harming young girls, especially around body image, AFP report said.

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