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Sunday, October 24, 2021

Facebook, Messenger, Instagram, WhatsApp – crash. Mark Zuckerberg lost billions

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Within a few hours, Mark Zuckerberg’s fortune shrank by more than $ 6 billion, writes the American news agency Blooomberg. The valuation of the billionaire’s assets has changed due to the failure of Facebook, Instagram and Messenger and the associated decline in share prices. The platforms started operating again after midnight Polish time, after more than a six-hour break.

The global failure of the technology giant’s websites affected the stock market. Facebook shares on Monday fell by 4.9 percent. Since mid-September, their value has dropped by 15%.

Monday’s fall in stock prices caused Zuckerberg’s fortune to shrink by over 6 billion to 121.6 billion dollars. As a result, it fell in the Bloomberg Billionaires Index to 5th place, behind Bill Gates. The billionaire’s fortune has been declining for several weeks. Until recently, it reached $ 140 billion.

Facebook share priceStooq

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Facebook crash

Facebook crash It started on Monday around 17.40 Polish time, when Facebook, Instagram, Messenger and WhatsApp stopped being available online worldwide. Services started returning to functionality around midnight, though WhatsApp issues took longer than others.

“Facebook, Instagram, WhatsApp and Messenger are back up. Sorry for the disruptions today. I know how much you rely on our services to stay in touch with the people you care about,” Mark Zuckerberg said in a statement.

The problem also affected internal Facebook networks or the company’s Workplace communication system, and, according to the New York Times, also the system of gates at the entrance to the company’s buildings.

The failure occurred at a difficult time for the Californian company. In mid-September, The Wall Street Journal revealed that a study by Facebook, published in their internal communications, showed that Instagram is harmful to millions of young people, especially teenagersin whom the use of the application contributes to the disturbance of their body image. In official communication, Facebook argued that the impact of the application on the mental health of young people is negligible.

Main photo source: Shutterstock



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