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Tech giant Mark Zuckerberg, who is the CEO of the most powerful social media Facebook, lost 5,22,03,90,00,000 (over 52,000 crores) in just a few hours after Facebook, WhatsApp and Instagram suffered a global outage on Monday, October 4.
According to reports, the tech billionaire slipped to the fifth position from the third due to this loss.
Reportedly, many companies pulled out of Facebook advertising after the social media network suffered a global outage for more than nine hours.
On Monday, suddenly Facebook, WhatsApp and Instagram stopped working. Matters of fact, all of these companies are currently owned by Mark.
These three platforms almost connected the entire world digitally. Experts claimed that this global shutdown would have long-lasting effects on the company and Mark’s personal wealth.
A few hours ago, Mark issued a public apology on this issue. On a Facebook post, he wrote, “Facebook, Instagram, WhatsApp and Messenger are coming back online now. Sorry for the disruption today -- I know how much you rely on our services to stay connected with the people you care about.”
On early Tuesday morning, today, all of the platforms resumed their service.
Mark had previously ranked 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% decline since mid-September.