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The personal wealth of Facebook CEO Mark Zuckerberg plummeted by $6 billion in some hours following the seven-hour long outage of Instagram, WhatsApp and Facebook on Monday night.
Accordingly, Zuckerberg’s personal wealth reduced to $120.9 billion in those few hours and he dropped down to the sixth spot in the list of the world’s richest people.
Moreover, even Facebook’s shares fell down by 5 per cent owing to this incident. In fact, the social networking company’s shares have already crashed by 15 per cent since mid-September.
As per the Bloomberg Billionaires Index, Zuckerberg’s worth is down by a massive $140 billion within a few weeks itself.
Earlier, a 37-year-old lady Frances Haugen, an employee with the social media giant, applied for the federal whistleblower protection and revealed her identity, which is believed to have somewhat contributed to the outage of the concerned social media platforms on Monday.
The Wall Street Journal has been publishing a series of stories on the basis of a cache of internal documents that opened up on Facebook’s knowledge of widespread issues with its products.
Haugen has noted that Facebook got to know that if it altered its algorithm to be safer, then people would end up spending lesser time on the site, click on lesser number of ads, which will make the company earn lesser money subsequently.
The lady has also put forward the internal documents that have even reached to the Congress and also the Securities and Exchange Commission, India Today reports.