Mark Zuckerberg Lost RM25 Billion After Facebook’s Hours-Long Outage & Whistleblower Interview
Everyone scrambled to Twitter last night when Facebook, Whatsapp and Instagram went black. The sudden outage on both the browser and app lasted up to seven hours and caused chaos to internet users.
Although all of the company’s social networks are back online, that didn’t stop Facebook CEO Mark Zuckerberg from losing more than $6 billion (roughly RM25 billion) in a matter of hours due to the blackout. According to Bloomberg, Facebook stocks were down nearly 5% today (5 Oct) and 15% down compared to mid-September.
As expected, these numbers also affected Zuckerberg’s worth, which ended the day at $121.6 billion (roughly RM500 billion). He has also has slipped to fifth place in the Bloomberg Billionaires Index, a ranking of the 500 richest people in the world.
But what really happened?
While the exact reasons that caused the outage remain unclear, it seems that Facebook was affected by a…
