Report: Zuckerberg loses $7bn as Facebook, WhatsApp, Instagram collapse

Report: Zuckerberg loses $7bn as Facebook, WhatsApp, Instagram collapse

Mark Zuckerberg, the company’s creator and CEO, had his net worth plummet by roughly $7 billion in just a few hours when the company’s key products crashed.

According to Bloomberg, Facebook’s stock dropped roughly 5% on Monday due to a selloff.

On the Bloomberg Billionaires Index, Zuckerberg’s net worth has decreased to $128 billion as a result of the stock slide.

A whistleblower had previously shown that the corporation prioritized profit over the public welfare, in addition to the shutdown.

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Former Facebook employee Frances Haugen, 37, claimed that the corporation is aware that its platforms are being used to propagate hate, violence, and misinformation, and that the firm is attempting to conceal this information.

She complained to the Securities and Exchange Commission (SEC) that the corporation is withholding information about its flaws from investors and the general public.

In what appeared to be yet another global outage, WhatsApp, Instagram, and Facebook were all down.

According to data from Downdetector, the three social media platforms — all of which are owned by Mark Zuckerberg — stopped working completely shortly before 5 p.m. (GMT+1) on Monday, causing millions of users to be concerned.

In a Twitter post, Facebook said it is aware of the issue and working to fix it.

“We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience,” the company tweeted.

Instagram and WhatsApp also tweeted that they are currently resolving the issues.

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