How Much Zuckerberg Lost When Facebook CRASHED
WOW! Thats a lot of money.
After social media giant Facebook along with WhatsApp and Instagram crashed for several hours, co-founder and CEO Mark Zuckerberg was sprawling to get his platforms back up but it was too late, the damage was already done.
According to Fox News, Facebook shares dropped by 5% during the October 4th crash and the drop was so large that it actually knocked Zuckerberg down the rankings of the world richest people rank due to the fact that he owns about 15% of Facebook’s shares.
Zuckerberg is reported to have lost around $7 billion in personal wealth from the crash.
In Forbes’ real-time billionaires list, Zuckerberg moved from 5th place into 6th behind Larry Ellison who is worth around $117.5 billion.
Currently, Elon Musk is leading the pack with $201.2 billion.
Facebook came back online at around 6 p.m.
UPDATE: Facebook , Insta, WhatsApp Outage
• 4 hours, ongoing
• NYT: unlikely a hack; FB employees unable to enter building in a.m
• Servers likely behind problem: CTO
• Facebook stocks 📉
• Zuckerberg lost $7 billion: Bloomberg
• Global loss > $160 million/hr: @netblocks— Joyce Karam (@Joyce_Karam) October 4, 2021
