The founder of Facebook and current CEO, Mark Zuckerberg reportedly lost an enormous sum of $5.9 billion this past Monday. The multi-billion-dollar social media platform recently suffered from a ‘rare outage’ that lasted the entire day of October 4, 2021, for what are still declared to be unknown reasons. As a result, Zuckerberg’s creation decreased approximately 4.8% of their shares which led to the unfortunate loss of billions of hard-earned dollars. Facebook, Instagram, and WhatsApp are the only three communicating programs to have suffered from this unnecessary breakdown.
The 37-year-old entrepreneur dropped down from his position as the fifth richest person in the world to now being officially instituted as the sixth. His net worth currently sits at 122.7 billion USD even after losing the seemingly small chunk of billions. The company reported that they usually bring in an estimated revenue of about $330 million dollars per day before the shutdown occurred, which was officially noticed to be the longest time that any worldwide used platform was unavailable, over 15 hours. Obviously, it was only a matter of time before users began to get fed up with the shut down as this is not the first time something like this has happened. Back in 2018, employees at Facebook lost control of the internal system which made it infeasible to interact with anything or anyone on the application.
A year later in 2019, the same situation occurred except this time the company managed to regain control of their operation after a long 14-hour wait period. As Zuckerberg continues to find a solution that will prevent this specific situation from happening again we can only hope that all accounts and personal information are safe and the team can take back control of their system. In other news, Facebook heads to court on Tuesday, October 5 where a former high-ranked employee plans on defending her recent act that consists of “leaking internal data to the Wall Street Journal.”