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Sunday, April 2, 2023

Mark Zuckerberg loses $6 billion in hours as Facebook plunges


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Facebook CEO Mark Zuckerberg lost billions of dollars in assets on the New York Stock Exchange on Monday. This happened within a few hours due to the worldwide Facebook outage and the negative statements of a whistleblower.


Bloomberg reports that Zuckerberg’s net worth has fallen by more than $6 billion, bringing his net worth now to around $121.6 billion. It may come as little consolation to the Facebook CEO that, according to the Bloomberg Billionaires Index, he is still the fifth richest person in the world, just behind Bill Gates. Forbes, on the other hand, reports that Zuckerberg has lost 5.9 billion and is the 6th richest person with a current wealth of $117 billion.


Partly due to the unusually long and global outage that Facebook, Instagram and WhatsApp experienced on Monday evening, Zuckerberg lost billions on the stock market. Recently, according to Bloomberg, he was number 3 in the list of the richest people in the world.

But the statements of whistleblower Frances Haugen, a former employee of Facebook, also contributed to the loss. Haugen claimed this week that Facebook prefers making profits over security and fighting fake news. According to Haugen, this ensured that the Capitol in Washington could be stormed on January 6. However, Facebook denies that, calling those claims “ridiculous.”

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