Mark Zuckerberg, Facebook founder, loses $7bn after crash
Facebook founder and net worth billionaire, Mark Zuckerberg, fell by nearly $7 billion in a few hours after the company’s flagship products collapsed, knocking him down a notch on the list of the world’s richest people.
The flagship products include Facebook, Facebook Messenger, Instagram, and WhatsApp.
According to Bloomberg, a selloff plummeted Facebook’s stock around 5 per cent on Monday.
READ ALSO: Facebook, Instagram, WhatsApp, Messenger crashe
The stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg Billionaires Index, dropping him below Bill Gates to No. 5.
He’s down from almost $140 billion in a matter of weeks, according to the index.
Facebook, WhatsApp and Instagram all went down in what appeared to be another global outage.
The three social media platforms owned by Mark Zuckerberg completely stopped working around 5 pm Nigerian time on Monday, leaving millions of users worried.
In a tweet on Twitter, Facebook said it was 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.
Meanwhile, late Monday night showed that Facebook and Instagram have been restored hours after being hit by a global outage, then at midnight, WhatsApp was restored.
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