Mark Zuckerberg Loses 7 Billion Dollars In Wake Of Social Media Outage
In the wake of the social media outage on Monday which affected Facebook, Whatsapp and Instagram, the owner of these social media platforms, Mark Zuckerberg lost an estimated 7 billion dollars, according to Bloomberg.
At the same time, Facebook’s shares suffered a 5% drop after the outage, which lasted almost six hours, started. The estimated wealth of Mark Zuckerberg dropped to 120.9 billion dollars, down from nearly 140 billion dollars on September 13. In the process Zuckerberg dropped to fifth place in the Bloomberg rankings of billionaires, below Microsoft’s Bill Gates.
The company blamed an internal technical issue for the outage.
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