Facebook boss Mark Zuckerberg’s net worth hits $ 7 billion in 5 hours as site still down

0

The exorbitant cost of a global failure of one of mankind’s most visited websites makes it truly astonishing read.

Monday night’s Facebook, Instagram and Whatsapp crash could cost the internet giant somewhere in the region of £ 2,000 for every second the site is not accessible – boss Mark Zuckerberg also taking a hit.

That’s because the mega social media company generated around £ 62bn in ad revenue last year.

This comes down to just under £ 2,000 per second.

As Facebook’s share price crumbles, the personal wealth of the former Harvard prodigy is said to have collapsed alongside him.

In fact, the Mail reports, it may have lost as much as $ 7 billion as of 10 p.m. Monday night – the overall value of the company taking a hit of $ 50 billion.

The problems began at 4:55 p.m. UK time, and the outage is believed to have been caused by changes to the social media giant’s web system.



Facebook’s international blackout has shed light on how much the internet relies on the tech giant

Facebook made a series of updates to its border gateway protocol, which made it disappear from the web directory, causing the outage a few minutes later.

Trend aggregators suggest that outages on all three major platforms started at similar times, although none of the platforms reported being hacked.

But conspiracy theorists were quick to jump on the blackout and claim it was a sign of something more sinister.



Facebook, WhatApp, Instagram Apologize For Problems, Say Engineers Are Working On Problem
Facebook, WhatApp, Instagram Apologize For Problems, Say Engineers Are Working On Problem

An official spokesperson for WhatsApp said, “We are aware that some people are currently experiencing issues with WhatsApp.

“We are working to get things back to normal and will send an update here as soon as possible.

“Thank you for your patience!” Facebook also added, “We are aware that some people have difficulty accessing the Facebook app.



Social media pioneer Mark Zuckerberg reportedly lost $ 7 billion in 5 hours Monday night
Social media pioneer Mark Zuckerberg reportedly lost $ 7 billion in 5 hours on Monday night

“We are working to get things back to normal as quickly as possible, and we apologize for any inconvenience.” Instagram said, “Instagram and their friends are having a bit of a hard time right now, and you may be having trouble using them.

“Be with us, we are there! “


Source link

Share.

Comments are closed.