On October 4, 2021, the entire world was affected by a catastrophic Facebook outage. Facebook, Instagram, and WhatsApp, as well as other social media and messaging apps, were unavailable for more than six hours. While the largest social media platform’s services were disrupted for a long period, Facebook CEO Mark Zuckerberg made approximately $7 billion. It costs Mark a bunch of costs.
Mark Zuckerberg’s net worth fell to $120.9% on Monday, October 4, 2021. The Facebook CEO is now ranked fifth on the Bloomberg Billionaires Index, just below Bill Gates. Zuckerberg is presently ranked sixth on Forbes’ real-time billionaires’ list, after Bill Gates and Larry Ellison, with a net worth of $116.8 billion.
Facebook’s stock has been steadily declining since September 2021. While the dip was initially caused by a whistleblower who revealed the platform’s study on how it contributes to the propagation of hate speech and harms individuals, the global outage was responsible for the significant reduction on Monday. Since September 13, 2021, Mark Zuckerberg’s net worth has dropped by roughly $19 billion, owing to a decline in the Facebook stock.
Mark Zuckerberg used Facebook to break his silence following his breakdown on Monday “Facebook, Instagram, WhatsApp, and Messenger have all been restored. I apologize for the inconvenience today; I understand how important it is for you to keep in touch with the people you care about.”
