City
Epaper

WhatsApp, Facebook And Instagram down: Mark Zuckerberg loses USD 7 billion due to 6 hours worldwide outage

By Lokmat English Desk | Updated: October 5, 2021 09:55 IST

Facebook apps and services including Instagram and Whatsapp have returned to normal operations online, with users reporting that they ...

Open in App

Facebook apps and services including Instagram and Whatsapp have returned to normal operations online, with users reporting that they are able to access the sites after more than six hours of worldwide outages, reported Sputnik.

Services of social media platforms like Facebook, Whatsapp and Instagram went down globally on Monday. Monday's outage had left several services under the Facebook corporate umbrella, including Instagram, Whatsapp and Messenger, inaccessible. However, due to the worldwide outage of 6 hours, Facebook has suffered a great loss.

Facebook was down for a few hours and billions of rupees were lost. Facebook issued a letter stating how much the worldwide outage in the last 6 hours had hit the company. The disruption to Facebook was a major risk for users, but a moderate risk in terms of financial loss, Facebook said. The company said in a letter that the disruption was "very damaging" considering the company's reputation.

As per Bloomberg report, Zuckerberg also slipped to the 5th spot in the billionaires’ list after Facebook stocks plunged due to the global outage. Zuckerberg, with a total wealth of USD 121.6 billion, has fallen behind Bill Gates.Facebook founder Mark Zuckerberg's fortune has plummeted by $7 billion in a few hours. Previously, he was at the third spot on Bloomberg’s Billionaires Index.  According to Bloomberg,  the stocks of Facebook fell by 5% on Monday, adding to a 15 percent decline since mid-September.

Tags: FacebookWhatsappWhatsApp downMark ZuckerbergInstagram
Open in App

Related Stories

MumbaiMaharashtra Cyber Cell Busts Fake Currency Racket Operated via Instagram; Two Arrested

MumbaiMaharashtra Cyber Registers FIR Over Viral Obscene Videos Linked to Ashok Kharat

TechnologyMr Bean Memes: Punjab Creator Builds a 6.4 Million Strong Instagram Community Over Nine Years

NationalFrom Instagram to Hotel: Woman Arrested for Allegedly Raping 16-Year-Old Boy in Chhattisgarh's Kabirdham

MumbaiMumbai Cyber Fraud: Scammers Impersonate ATS & NIA, Dupe Couple of ₹2.84 Crore

Business Realted Stories

BusinessPiyush Goyal discusses bilateral ties and trade with world leaders

BusinessCabinet approves over Rs 40,000 crore investment for two hydropower projects in Arunachal Pradesh

BusinessIndia's growth at 7.6 pc anchors slowdown of South Asia: World Bank​

BusinessWTO reform stalls, US pushes own trade path​

BusinessGujarat: GIFT City fund ecosystem expands sharply as commitments surge to $32.13 bn​