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Science and technology

Facebook, Instagram, Whatsapp collapse costs Zuckerberg $7b

AdminBy AdminOctober 5, 2021Updated:October 5, 2021No Comments2 Mins Read
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By Correspondent in Lokoja.

Monday, September 4,2021 was really not a good day for Zuckerberg, founder and chief executive officer (CEO) of Facebook as he was wad said to have lost about $7 billion, few hours after his company’s flagship products- Facebook, Instagram and Whatsapp-collapsed.

According to Bloomberg, a selloff plummeted Facebook’s stock around 5 per cent on Monday.

The organization said that the stock slide dropped Zuckerberg’s worth to $128 billion on its Billionaires Index.

Bloomberg noted that WhatsApp, Instagram, and Facebook all gone down in what appeared to be another global outage.

According to data on Downdetector, the three social media platforms — owned by Mark Zuckerberg — completely stopped working shortly before 5 p.m (GMT+1) on Monday, leaving millions of users worried.

In a Twitter post, Facebook said it was 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.

Instagram and WhatsApp also tweeted that they are currently resolving the issues.

Meanwhile, users of the three platforms in Lokoja, north central Nigeria said the three platforms returned their services in the area on Tuesday.

Source: Newshub, additional information by The Reporters.

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