Mark Zuckerberg Loses $7 Billion Over WhatsApp, Facebook And Instagram Down

Mark Zuckerberg has lost $7 billion hours after WhatsApp, Facebook and Instagram down.

Newsone had reported earlier that Mark Elliot Zuckerberg’s Facebook-owned social services, platforms, WhatsApp, Facebook and Instagram have shut down.

This online news platform understands that data from website monitoring service Downdetector, showed that all the three services have seen a massive spike in issues in the last one hour.

Newsone reports that WhatsApp confirmed users are facing issues with the service, adding they are working on rectifying the issues.

The message reads: “We’re aware that some people are experiencing issues with WhatsApp at the moment. We’re working to get things back to normal and will send an update here as soon as possible. Thanks for your patience!”

Hours after WhatsApp, Facebook and Instagram down, Newsone reports that Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline.

A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.

On Monday, October 4, the stock slide, to send Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since Sept. 13, when he was worth nearly $140 billion, according to the index.

The Wall Street Journal on September 13, 2021, began publishing a series of stories based on a cache of internal documents, revealing that Facebook knew about a wide range of problems with its products — such as Instagram’s harm to teenage girls’ mental health and misinformation about the Jan. 6 Capitol riots — while downplaying the issues in public. The reports have drawn the attention of government officials, and on Monday, the whistleblower revealed herself.

Newsone Nigeria reports that Facebook in response, has emphasized that the issues facing its products, including political polarization, are complex and not caused by technology alone.

“I think it gives people comfort to assume that there must be a technological or a technical explanation for the issues of political polarization in the United States,” Nick Clegg, Facebook’s vice president of global affairs, told CNN.