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Zuckerberg Loses Over $6 Billion After Longest Facebook Outage

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Facebook co-founder Mark Zuckerberg on Tuesday apologised to the millions of users who faced hours’ worth of disruption in accessing the Facebook family of apps – Facebook, Instagram, and WhatsApp – from Monday night. Expressing his regret for the inconvenience. Habitual Facebook users have taken to other apps that aren’t experiencing issues, such as Twitter and Telegram, to express their dissatisfaction. Many have even temporarily celebrated the absence of Facebook. 

Mark Zuckerberg is facing some major financial consequences, according to Forbes, losing billions of dollars, as well as his No.5-richest man rank as users continue to be shut out of Facebook, Messenger, Instagram, and WhatsApp.

After mass complaints about the various platforms in the Facebook family being down, and users getting error messages when trying to log on, the company said it was working to resolve the issue.

Other leaders in Big Tech have also seen recent losses, according to the data, with Amazon’s Jeff Bezos and Microsoft’s Bill Gates both losing billions, too, though those losses are still comparatively minor in the shadow of Zuckerberg’s $6.7 billion hit, as of the time of writing. The loss has put Zuckerberg at sixth on Forbes’ list of the world’s top billionaires, with Elon Musk at the zenith.

Facebook stock has dropped multiple percentage points in the wake of not only the aforementioned technical difficulties, but also a ‘60 Minutes’ interview with a whistleblower from the company that aired on Sunday night.

Data scientist Frances Haugen came forward as the source of a recent report claiming the company had been aware of the negative effects its services could have on users, and its censorship ‘measures’ had been used to increase only its profits, rather than to fight misinformation, as it had claimed.

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