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Zuckerberg loses OVER $6 BILLION as Facebook-empire outage drags into HOURS

Started by G.L.R., Tue 05 Oct 2021

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G.L.R.

Zuckerberg loses OVER $6 BILLION as Facebook-empire outage drags into HOURS      

4 Oct, 2021


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Mark Zuckerberg is facing some major financial consequences,  according to Forbes, losing billions of dollars, as well as his  No.5-richest man rank as users continue to be shut out of Facebook,  Messenger, Instagram, and WhatsApp.After mass complaints about the various platforms in the Facebook family being down, and users getting error messages when trying to log on, the company said it was working to resolve the issue.With all four now off-air for  several hours, Zuckerberg has faced a pile-on on rival social  media platforms, and habitual Facebook users have taken to other apps that aren't experiencing issues, such as Twitter and Telegram, to  express their dissatisfaction. Many have even temporarily celebrated the  absence of Facebook.


(See link)

Zuckerberg has lost billions as a result of the outage, according to real-time tracking by Forbes. ... Other leaders in Big Tech have also seen recent  losses, according to the data, with Amazon's Jeff Bezos and Microsoft's  Bill Gates both losing billions, too, though those losses are still  comparatively minor in the shadow of Zuckerberg's $6.7 billion hit, as  of the time of writing. The loss has put Zuckerberg at sixth on Forbes'  list of the world's top billionaires, with Elon Musk at the zenith.  Facebook stock has dropped multiple percentage points in the wake of  not only the aforementioned technical difficultiest...


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