Mark Zuckerberg loses $7bn in hours during Facebook outage

A recent report has stated that Facebook CEO Mark Zuckerberg lost around $6 billion during a rare lengthy outage of the company’s apps.

Facebook, Instagram, and WhatsApp saw outages earlier worldwide that tracks internet service outages. According to Forbes, Zuckerberg’s fortune declined by $5.9 billion to a mere $117 billion in total.

The company’s market value lost around $50.7 billion, standing at $915.1 billion at the time, down from $965.8 billion on Friday. Facebook co-founder and CEO Mark Zuckerberg saw his net worth decline $6.1 billion, or 5%, to $116.5 billion on Monday, according to Forbes.

Facebook, Instagram, WhatsApp, Oculus VR, and Facebook Messenger all went offline with the first outage reports starting Monday morning. After several hours, it seems that most of Facebook’s services (as well as Instagram and WhatsApp) are back online.

Moreover, the Pakistan Telecommunication Authority said that Facebook services had been affected internationally due to an outage. “Further details are being collected,” a spokesperson for the authority said.

Facebook services (Facebook, #Instagram, #WhatsApp, Oculus) have been affected internationally due to an outage. Further details are being collected: PTA Spokesperson

— PTA (@PTAofficialpk) October 4, 2021