Facebook’s Mark Zuckerberg loses $8.5b due to global outage
Facebook’s share price has been walloped by yesterday’s outage, stripping billions out of the company Chief Executive Officer Mark Zuckerberg’s personal fortune.
Business publication Forbes reported that Zuckerberg has lost $8.5 billion off the back of the global outage of Facebook, Instagram and Whatsapp.
This still leaves Zuckerberg with a cool fortune of around US$117 billion.
The company’s share price slipped 4.8 per cent off the back of the outage.
The Social media platforms Facebook, Instagram and WhatsApp have partially returned after a global outage which lasted about seven hours.
According to international media reports, the last time Facebook had a disruption of this magnitude was in 2008 when it had 80 million users. It currently has 3 billion users.
I am a journalist, educator, and activist with passion for telling stories about social justice, sports and political issues. I graduated from Mzuzu University.
I started my career at the Maravi Post online publication in 2012 as an intern while in college.
Upon graduating from Mzuzu University I was offered a job as Sports Reporter because of my background as a goalkeeper and rose to the position of sub editor.
I also had a short stint with Nyasatimes, Malawi Punch and Malawi Digest. Over the past seven years, I have worked intimately with rural organizations and communities in Malawi on human rights, girl child education and grassroots development projects. With an academic background in education, I also volunteer as male champion for girls’ education under Girls Empowerment Networks (GENET) in Malawi’s South West Education Division (SWED).
Discover more from The Maravi Post
Subscribe to get the latest posts sent to your email.
