Mark Zuckerberg, the CEO of social media behemoth Facebook, saw his fortune plummet when Facebook, WhatsApp, and Instagram had a global outage on Monday, losing over USD 7 billion in a matter of hours. According to a Bloomberg storey, Zuckerberg fell to fifth place on the list of billionaires after Facebook stocks plummeted due to the global outage. With a net worth of USD 121.6 billion, Zuckerberg has dropped behind Bill Gates.
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After the social media giant’s applications, including WhatsApp, Instagram, and Messenger, had a significant global outage yesterday, a slew of firms removed advertising from Facebook Inc.’s network. On Bloomberg’s Billionaires Index, Mark Zuckerberg was previously rated third. According to Bloomberg, Facebook’s shares plummeted 5% on Monday, bringing its total loss to 15% since mid-September.
Mark Zuckerberg, the CEO of Facebook, Whatsapp, and Instagram, has apologised personally to millions of Facebook, Whatsapp, and Instagram users worldwide for the outage and announced that services would be back up on Tuesday. In a Facebook post, Zuckerberg stated, “Facebook, Instagram, WhatsApp, and Messenger are coming back online now.” “Please accept my apologies for the inconvenience caused today. I understand how much you rely on our services to remain in touch with the people that matter to you “he stated.
On Monday evening, Facebook, WhatsApp, and Instagram had a massive global outrage, with thousands of users, including those in India, unable to access these digital networks. The outage is thought to have begun about 9 p.m. IST. Facebook owns the photo-sharing app Instagram as well as the messaging app WhatsApp.
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Users expressed dissatisfaction with their inability to utilise any of the three services. The firm did not disclose the cause of the global outage. According to a tweet posted by Instagram. India has one of the most significant numbers of Facebook users and other social media sites.
