Facebook CEO, Mark Zuckerberg’s personal wealth has fallen by more than $6 billion, within few hours as Facebook went down for many hours. This down-time had a massive hit on Facebook stock, plummeting 4.9% on Monday, this is a massive 15% drop since mid-September.
The stock dip pushed Mark Zuckerberg’s worth to about $121.6 billion, sending him below Bill Gates to number 5 on Bloomberg Billionaires Index. His net worth slid from almost $140 billion in a matter of weeks, reflects the index.
Facebook and Facebook-owned companies experienced a huge outage, unavailability of their services for over 5 hours all over the world. People turned up to Twitter to express their frustration and voiced their opinion about a number of problems Facebook has gone through recently.
Facebook has bashed out and blamed “faulty configuration change” for nearly a six-hour outage. Almost 3.5 billion users were deprived of
We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.
— Facebook (@Facebook) October 4, 2021
using Facebook services.
“We want to make clear at this time we believe the root cause of this outage was a faulty configuration change,” Facebook said in the blog.
The Facebook outage is the largest ever outage (downtime) reported by the website Downdetector.