Zuckerberg Loses N2.4 Trillion in 1 Day amid Global Shutdown of Facebook, WhatsApp, Instagram Services

Amid two major challenges facing his company, Mark Zuckerberg, the CEO of Facebook Inc, has lost about $6 billion in personal wealth Forbes said the Facebook owner is now the world’s sixth-richest person while Bloomberg rated him as the fifth As Facebook is facing the accusation of failing to maintain safeguards against misinformation, its three major apps suffered a global outage on Monday, October 4

California, United States – Mark Zuckerberg, the CEO of Facebook Inc, on Monday, October 4, suffered a significant loss in fortune as two major happenings weakened the confidence of investors in the social media giant.

Forbes reported that Zuckerberg’s fortune declined by $5.9 billion (about N2,430,896,630,319.77) to $117 billion in total.

Facebook CEO Zuckerberg Loses N2.4 Trillion in 1 Day

Mark Zuckerberg, CEO and founder of Facebook Inc., speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Friday, Jan. 31, 2020.

Photo: George Frey/Bloomberg Source: Getty Images The global business media said the Facebook owner is now the world’s sixth-richest person.

An unusually long outage On Monday evening, the services of Facebook, WhatsApp and Instagram witnessed a global outage. The “lengthy outage” of the company’s apps sent its shares down by 4.8%.

Knowledgebase gathers that in the latest quarter, the company made around $330 million a day in sales.

Whistleblower saga Meanwhile, before the global outage, Facebook was already dealing with the case of a whistleblower who accused the company of putting “profits over people” and failing to maintain safeguards against misinformation after the 2020 presidential election in the United States.

The whistleblower, Frances Haugen, a former Facebook staff, is scheduled to testify at a congressional hearing on Tuesday, October 5.

Similarly, Bloomberg reported that Zuckerberg’s personal wealth fell by more than $6 billion in a few hours following the outage and the whistleblower saga.

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In its own calculation, the business news media said Zuckerberg’s worth is now down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.

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