TECHNOCRAT MEDIA NIGERIA
Mark Zuckerberg, founder and chief executive officer (CEO) of Facebook’s net worth dropped by nearly 7 billion dollars in a few hours of the collapse of the company’s major products.
Bloomberg reported a selloff plummeted Facebook’s stock around 5 percent on Monday.
The stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg Billionaires Index.
Apart from the shutdown, a whistleblower had earlier revealed that the company prioritised profit over the public good, TheCable gathered.
Frances Haugen, a 37-year-old former Facebook employee, alleged that Facebook knows its platforms are used to spread hate, violence, and misinformation, and that the company tried to hide that evidence.
She filed complaints with the Securities and Exchange Commission (SEC) that the company is hiding research about its shortcomings from investors and the public.
The downtime of WhatsApp, Instagram, and Facebook could be called a global outage as most users are struggling.
According to data on Downdetector, the three social media platforms — owned by Mark Zuckerberg — completely stopped working shortly before 5 pm (GMT+1) on Monday, leaving millions of users worried.
In a Twitter post, Facebook said it is aware of the issue and working to fix it.
“We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience,” the company tweeted.
Meanwhile, Instagram and WhatsApp had tweeted that they were already working to resolve the global outage.
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