Facebook, Instagram, And WhatsApp Outage: Mark Zuckerberg Could Lose $7 Billion From His Net Worth
October 4th. 2021 will now be marked as a historic day for social media giant Mark Zuckerberg, but sadly, he'll always remember this day for all the wrong reasons. In an unprecedented downward slide, social media outages across the nation are said to be the leading cause of a massive $6 billion drop in Zuckerberg's personal net worth. Consumers across the globe stared with shock at their personal devices failed to load Facebook, Instagram, and WhatsApp. The frustrations of those reliant upon the apps increased as rapidly as Zuckerberg's net worth decreased, resulting in a long day of failure in epic proportions. Fox Business reports on the massive impact this social media outage had, as Zuckerberg fell from "#5 to #6 on the publication's list of the world's wealthiest people with a net worth of $116.8 billion, falling behind Larry Ellison's $117.5 billion.
The day started off in the normal fashion, when suddenly, at 11 am, without any warning or explanation, the three major social media apps, Facebook, Instagram, and Whatsapp, went completely dark. The silence was deafening. The frustration was very real.
People of all ages and walks of life united in one common, shared feeling that connected them beyond any borders or barriers... Mark Zuckerberg had devastated their communication vessels and completely let them down. Initially, many people hovered over their 'refresh' buttons and incessantly tried to reload their apps, to no avail.
The remainder of the day would reveal an ongoing outage would continue to plague the lives of millions of people across the world and would inevitably end up costing Mark Zuckerberg well over $6 billion in personal profits.
As people sat crippled and completely in the dark, Zuckerberg faced the reality of crushing financial losses and would soon come to the realization that shares in his corporation were plummeting, and this catastrophic error within his system would ultimately cost him billions and force him out of his place among the highest echelon of top earners.
Unfortunately for Zuckerberg, this untimely global outage happened to occur at the worst possible time. He was already under attack by former "Facebook employee-turned-whistleblower Frances Haugen, who blasted the social media giant to 60 Minutes, accusing the company of tearing our societies apart."
Shares in Facebook tumbled by roughly 5%, and as the owner of 15% of the company's stock, Zuckerberg fell from grace and watched his earnings fall by an astounding $6 billion. App usage sparked up at roughly 6:30 pm, with rumblings that widespread hacking caused this problem. Although an official apology has been released, no explanation for this global outage has been offered yet.
Sources: Fox Business, Bloomberg
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