Facebook and Instagram were both out today for several hours, and Facebook itself took around a 5% hit. The drop in the share price cost co-founder and CEO Mark Zuckerberg (who owns around 15% of the company’s stock) about $6 billion in personal wealth.
According to Forbe’s real-time billionaire’s list, the hit moved Zuckerberg from fifth place to sixth place, behind Elon Musk, Jeff Bezos, Bernard Arnault, Bill Gates, and Larry Ellison.
Facebook, Instagram, and WhatsApp went offline around 11 a.m, and the outages last until the closing bell, causing a massive drop in the stock. Facebook Chief Technology Officer Mike Schroepfer took to Twitter during the outages to say,
“*Sincere* apologies to everyone impacted by outages of Facebook powered services right now. We are experiencing networking issues and teams are working as fast as possible to debug and restore as fast as possible.”
Mark Zuckerberg Loses $6 Billion After Facebook Outage!
In an interview aired Sunday night, former Facebook employee-turned-whistleblower Frances Haugen blasted the social media giant to “60 Minutes,” accusing the company of “tearing our societies apart.”
Many believe that this was a cover-up or way to drown out the news from Frances Haugen and turn all the focus on the outage, taking a shot to the bank account for the greater good. While this may seem a bit like a conspiracy it is oddly convenient and fits the story. Look at what happened today, the story turned from the whistleblower to everyone losing their minds that social media was down for a few hours.
What does this say about us as a people and are we really this addicted to a simple website where folks share photos of themselves eating lasagna? It’s ridiculous, yet, here we are.
What do you think? Do you think there could be a connection between the whistleblower and the outages? Let us know in the comments below.
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