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Zuckerberg Loses $7bn As Facebook, WhatsApp, Instagram Collapse

Tuesday, 5 October 2021

Zuckerberg Loses $7bn As Facebook, WhatsApp, Instagram Collapse

Chief Executive Officer of Facebook, Mark Zuckerberg, reportedly lost nearly $7bn to the outage that plagued the social media platform on Monday.

According to Bloomberg, a selloff plummeted Facebook’s stock around 5 percent on Monday.

The stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg Billionaires Index. He is now 5th on the list, with Microsoft boss, Bill Gates in 4th.

Also Read: Facebook, Instagram, WhatsApp Down In Global Outage

The outage reportedly took place at about 4.42pm Nigerian Time on Monday.

The crash of the social media platforms lasted for about 6 hours.

The outage was the second in 2021 with the first happening in March.

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via: Information Nigeria

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