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HomeTop StoriesFacebook's Mark Zuckerberg Loses $7 Billion Due To Global Outage

Facebook’s Mark Zuckerberg Loses $7 Billion Due To Global Outage

Facebook CEO Mark Zuckerberg has lost 7 billion dollars in a few hours after the social media giant suffered a global outage on Monday. Zuckerberg, whose current total wealth is 121.6 billion, has fallen to No. 5 in the world’s top richest list after Bill Gates. According to a Bloomberg report, Facebook’s stock also plummeted by 4.5%. The California based company blamed router work for the disruption of Facebook, Instagram, and WhatsApp.

According to reports, the six hours disruption from all three platforms has brought a huge loss to Facebook Inc. after many big companies pulled their ads back from Facebook.

The Bloomberg report says that Facebook’s market value slipped by 15 per cent on Monday which was the highest since mid-September.

After resolving the technical glitch within few hours, the company blamed router work for disruption. Writing on social media, Facebook vice president of infrastructure Santosh Janardhan said; “This disruption to network traffic had a cascading effect on the way our data centers communicate, bringing our services to a halt,”

Meanwhile, Facebook’s boss Mark Zuckerberg also apologised following the disruption. “I know how much you rely on our services to stay connected with the people you care about,” Zuckerberg said on Facebook.