Mark Zuckerberg’s personal wealth has fallen by more than 6 billion dollars hours after Facebook, WhatsApp and Instagram went down for more than 6 hours on Monday evening.
Facebook’s stock fell by 4.9 percent on Monday, adding to a drop of about 15 percent since September. This drop in stock value decreased Mark Zuckerberg’s net worth to 121.6 billion dollars. According to the Bloomberg Billionaires Index, a ranking of the 500 wealthiest people in the world, Mark Zuckerberg is now at number 6, one rank below Bill Gates, who is ranked 5.
This happened a day after the congressional hearing of whistleblower Frances Haugen, a former product manager at Facebook. She will leak internal data of the company and has accused Facebook of putting company profits above user safety. In an interview, she criticized Facebook for failing to prevent spread of misinformation after the US 2020 presidential election.