Wednesday, May 18, 2022

Zuckerberg lost 6 billion dollars due to the fall of Facebook, Insta and WhatsApp

Following a global outage of its services, including Instagram and WhatsApp, on Monday, Facebook’s stock price fell more than 5 percent, according to the company’s earnings release.

According to official numbers, Facebook’s stock price was trading at $325 per share on the Nasdaq at 3:55 p.m. EDT, just before the closing bell – a down of 5.25 percent from the previous close of $343.01 per share on Friday.

The company’s market capitalization dropped by around $50.7 billion, putting it at $915.1 billion at the moment, down from $965.8 billion the previous day.

According to Forbes’ Real-Time Billionaires List, Facebook co-founder and CEO Mark Zuckerberg’s net worth dropped by $6.1 billion, or 5%, to $116.5 billion on Monday, putting him in sixth position overall with a net worth of $116.5 billion.


According to the DownDetector website, which analyses internet service outages throughout the world, Facebook, Instagram, and WhatsApp had outages earlier this week.

Read Also: Tariff hike of up to Rs2.97 per unit

According to the most recent data from DownDetector, about 124,000 outages have been reported on Facebook, nearly 97,000 on Instagram, and more than 33,000 on WhatsApp.

“We’re aware that some individuals are experiencing difficulties accessing our applications and products,” Facebook spokesperson Andy Stone wrote on Twitter on Thursday. “We’re working hard to restore normalcy as soon as possible, and we apologize for any trouble this may have caused you.”

Using Twitter, WhatsApp claimed it is “aware that some people are having issues with” the service “at the present time.”

“Everything is currently being repaired, and we will post an update here as soon as we have more information. Thank you very much for your patience!” According to the corporation

The exact cause of the fall down is still unknown.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Latest news
0
Would love your thoughts, please comment.x
()
x