Facebook CEO reportedly loses USD 6 billion due to a major Facebook outage.
Facebook CEO Mark Zuckerberg was reportedly losing USD 6 billion due to a major outage that took down all services offered by the company for over 6 hours.
Facebook, WhatsApp, and Instagram faced a massive outage earlier today that took down all services offered by Facebook for more than 6 hours.
Although all of Facebook’s social networks were back online, that didn’t stop Mark from losing more than USD 6 billion in a matter of hours because of a major outage.
Bloomberg reported that Facebook stocks were down nearly 5 percent on Monday and 15 percent down compared to mid-September. As expected, those numbers also affected Mark’s worth, which ended the day at USD 121.6 billion.
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9to5Mac reported that Mark had slipped to 5th place in the “Bloomberg Billionaires Index”, a ranking of the world’s 500 richest people. In 4th place was now Microsoft co-founder Bill Gates with USD 124 billion net worth.
Users started experiencing issues with Facebook’s services (which included Instagram and WhatsApp) around 8:40 am PT (11:40 pm Philippine time). It wasn’t long before all of Facebook’s social networks went completely offline around the world.
Some users then went to Twitter and other social networks to complain about the major outage, which lasted more than 6 hours.
While the exact reasons that caused the outage remained unclear, it seemed that the company was affected by a DNS problem that “wiped” the paths to Facebook domains and even Facebook’s internal network was affected, which made the outage even longer and more complicated.
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