Mark Zuckerberg loses $6 Billion after Facebook, Whatsapp and Instagram outage which lasted for 6 hours

Mark Zuckerberg loses $6 Billion after Facebook, Whatsapp and Instagram outage which lasted for 6 hours



Mark Zuckerberg lost more than $6 billion of his personal wealth after the 6 hour outage experienced on Facebook, Whatsapp and Instagram yesterday, October 4. This knocked him down a notch on the list of the world’s richest people.



Yesterday outage was one of the longest outages Facebook and its services like WhatsApp and Instagram faced. Facebook in a blog noted that the cause of the global outage was a glitch in routers. Facebook has blamed the outage on faulty configuration change.



Hours before the outage, a whistleblower came forward and revealed her identity which also likely contributed to the outage. In just a few hours, Zuckerberg's personal wealth was reduced by over $6 billion.



According to the Bloomberg Billionaires Index, this has cost Zuckerberg the fifth position among billionaires. Now, he stands with $120.9 billion in sixth place, behind Bill Gates. Shares of Facebook plummeted about 5 per cent, adding to a 15 per cent drop since mid-September. The index also revealed that Zuckerberg is down from almost $140 billion in a matter of weeks.



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