Technology

Zuckerberg took $7 billion loss within hours of Facebook outage that cut off 3 billion users

Facebook outage

Facebook, Instagram, and WhatsApp experienced a catastrophic outage that caused all of the platforms’ services to be unreachable for 6 hours for almost three billion global users, costing Mark Zuckerberg approximately $6 billion in only a few hours. 

According to Bloomberg, the company’s shares has dropped 5% since mid-September, compared to a 15% drop previously. Zuckerberg is now ranked 5th on the Bloomberg Billionaires Index, which ranks the world’s top 500 wealthiest people. With Zuckerberg’s move to fifth position, Microsoft co-founder Bill Gates, who has a net worth of $124 billion, has risen to fourth place. 

Read more: WhatsApp, Facebook, Instagram global outages caused by ‘faulty configuration change’

Users from all across the world were unable to access Facebook, Instagram, and WhatsApp at 8:40 p.m. local time in Pakistan. The majority of users who were affected by the outage took to Twitter to vent their frustrations. 

The cause of the outage is thought to be a DNS issue that blocked access to Facebook domains, which then affected the company’s internal network, complicating the situation. 

All of the company’s services were restored at 3 a.m., but the loss continues to be enormous. 

Zuckerberg Apologizes For Six-Hour outage

Mark Zuckerberg, the founder of Facebook, has apologized for the “disruption” caused when the company’s social media services went down for nearly six hours, affecting more than 3.5 billion people across the world. 

After an internal technical issue pulled Facebook, Messenger, WhatsApp, and Instagram offline at around 16:00 GMT on Monday, the billionaire apologized. 

At around 22:00, the effort to get it back online was finally successful. 

Telegram Added Over 70 Million New Users During Facebook Outage

Morover, Messaging app Telegram gained over 70 million new users during Monday’s Facebook outage, its founder Pavel Durov said on Tuesday.

“The daily growth rate of Telegram exceeded the norm by an order of magnitude, and we welcomed over 70 million refugees from other platforms in one day,” Durov wrote on his Telegram channel.

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