Mark Zuckerberg Loses $7Bn to Facebook, WhatsApp, Instagram Crash

*Facebook founder Mark Zuckerberg
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*Mark Zuckerberg

The net worth of billionaire Mark Zuckerberg, founder of Facebook, 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 percent on Monday.

The stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg Billionaires Index, dropping him below Bill Gates to No. 5.

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*Facebook founder Mark Zuckerberg

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 5pm 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.

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“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, checks by metrowatchonline.com   late Monday night showed that Facebook and Instagram have been restored hours after being hit by global outage.

But, WhatsApp is still currently down at the time of filing this report.

 

*Courtesy of Bloomberg

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