When the world woke this morning to find Facebook, Instagram, and WhatsApp down, it sparked a frenzy of activity #facebookdown. Social media users rushed online to see their profiles unreachable, platforms locked out and pretty pictures of sunsets nowhere to be found.
But while it was hardly the best way to start your day, spare a thought for the Zuck. Facebook founder and CEO Mark Zuckerberg’s net worth has taken a massive hit following the social media platform’s outages and the news of a whistleblower coming forward. How big? Try around USD$7 billion (AUD$9.6 billion). And you thought your morning sucked.
According to Bloomberg, Zuckerberg’s net worth now sits at around USD$121.6 billion, making him the fifth richest person in the world, but it’s been a significant drop. Since September, the entrepreneur’s net worth has dropped by around USD$19 billion, following a series of challenges and allegations raised against Facebook. On Monday, it all came to a head.
After Whistleblower Frances Haugen came forward alleging that internal research from Facebook proves misinformation has been amplified by the platform, the business suffered a serious outage. Reports from Downdetector showed that Facebook outages peaked at over 86,000 with Instagram hitting 76,000,
“We’re aware that some people are having trouble accessing our apps and products,” the official Facebook account on Twitter said. “We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.”
Later on Monday, a widely circulating screenshot displayed a lookup result for Facebook that suggested Domain Name System (DNS) concerns. But the hysteria was short-lived. At the time of writing, the majority of the outed Facebook, Instagram, and WhatsApp profiles have been reinstated, however, the damage has been done. Facebook remains in an interesting position and with the business’ stock sliding by 5 percent in one day, more challenges are expected to fire up.