Highlights

  • Facebook foudners' personal wealth has fallen by more than $6 billion
  • Zuckerberg’s worth is down to $121.6 billion
  • Bloomberg:  World's five wealthiest people are worth a combined $795 billion

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Facebook outage and concerns cost Mark Zuckerberg $20 billion dollars

Zuckerberg's wealth is down $20 billion since July due to the fall in Facebook's stock, which is his largest asset. 

$6,000,000,000 that is how much the Facebook outage cost founder Mark Zuckerberg in just one day. Zuckerberg's wealth is down $20 billion since September 10, every since the concerns emerging from a whistleblower complaint has weighed on the stock , which is the founder's largest asset.

One of of the world's richest men saw his personal wealth erode by more than $6 billion in a few hours after a whistleblower came forward and outages took Facebook's platform and flagship products whatsapp and instagram offline.

Facebook has been under fire after WSJ published a series of stories based on Facebook internal communications that revealed that the social media company contributed to increased polarisation online when it made changes to its content algorithm, failed to take steps to reduce vaccine hesitancy and was aware that Instagram harmed the mental health of teenage girls.

A selloff in the stock sent the social-media giant’s stock plummeting nearly 5%. Facebook stock is down 15% in the last 3 weeks. The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index

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