Zuckerberg’s wealth drops by $7bn as WhatsApp, Facebook, Instagram falter

0
383

Mark Zuckerberg’s personal wealth has dropped by nearly $7 billion in a few hours, after outages took Facebook Inc.’s flagship products offline according to Bloomberg reports.

It was reported that this knocked him down the ladder on the list of the world’s richest people.

On Monday, there was a global total outage which left billions of subscribers to contend with frustration when they could access Instagram, WhatApps and Facebook apps.

In Nigeria, subscribers could not use the three techproducts  on Monday for almost seven hours, and it became topic of discussion in may circles, with everyone lamenting the outage.

 

Some hinted that they also lost money within those hours as they referred to themselves “online CEOs.”

The outages began around 4.24pm but many did not notice it until well after 5 pm on Monday as users visiting Facebook, Instagram, and WhatsApp were confronted with error messages.

In many cases, users could not send messages out or receive incoming ones.

Reports have it that an estimated 3.5billion billion online users were frustrated and unable to connect all over the world due to the shutdown.

However, the Chief Technology Officer at Facebook, Mike Schroepfe, in a tweet, apologised for the shutdown.

“Sincere apologies to everyone impacted by outages of Facebook powered services right now. We are experiencing networking issues and teams are working as fast as possible to debug and restore as fast as possible,” he stated.

According to Bloomberg, a selloff sent the social-media giant’s stock plummeting around 5 per cent on Monday, adding to a drop of about 15 per cent since mid-September.

The stock took a slide on Monday, sending the Silicon Valley techpreneur, Mark  Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since September 13, when he was worth nearly $140 billion, according to the index.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here