In a six hour social media outage that paralyzed WhatsApp, Facebook and Instagram globally, Mark Zuckerberg lost personal wealth close to $7Billion.
Facebook Inc. has blamed a “faulty configuration change” for the six-hour outage on Monday. This affected billions of users who could not access the social media platforms globally.
According to the Bloomberg Billionaire’s Index, Zuckerberg slipped to become just the fifth richest man in the world, Mark Zuckerberg’s wealth currently stands at $122.7 billion.
According to the Evening standard, The outage spooked investors who sold off Facebook’s stock. Shares had already been under pressure in recent weeks after a series of damning disclosures from a whistleblower.