Facebook owner, Mark Zuckerberg’s net worth has fallen by more than $7 billion in a few hours after his parent company Facebook, together with Whatsapp, and Instagram went down on Monday.
The Facebook stock came under pressure from two fronts: an unusually long outage of its namesake platform, Instagram and WhatsApp, a mistake likely costing the company tens of millions of dollars in revenue.
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The expected stock slide on Monday which happened as a result of the blackout sent Mark Zuckerberg’s net worth down to $121.6 billion, dropping him below Bill Gates to No. 5 according to Bloomberg Billionaires Index.
Mark Zuckerberg Networth Falls
Facebook last suffered a blackout like this in 2019, when the network shut down for 14 hours. A decade earlier, in 2008, it went dark for a day. Monday’s outage affected internal systems at Facebook, too, making it impossible for employees to access emails, the internal messaging system known as Workplace, even reportedly some doors at company headquarters