They are now back online, but the financial damage caused by the outage was severe. Mark Zuckerberg’s net worth plummeted during the social network outage. Facebook shares suffered a massive sell-off due to the outage.
Mark Zuckerberg’s net worth plummeted during the Facebook and Instagram outage
Facebook, Instagram, Messenger and WhatsApp (all owned by Zuckerberg) were down for several hours due to “network issues.”
They are now back online, but the financial damage caused by the outage was severe.
Zuckerberg’s net worth plummeted from $7 billion to nearly $121 billion during the seven-hour outage, according to Bloomberg’s Scott Carpenter.
Facebook shares suffered a massive sell-off due to the disruption as people tried to dump their shares in the technology and social networking company.
This means he has dropped two places to become the fifth richest person on the planet and now ranks behind Bill Gates.
Users can now resume using Facebook, Instagram, WhatsApp and Messenger, as the previous problems seem to have been fixed.
TechCrunch reported that when people were logging into the sites for their morning, midday or evening commute, they encountered a server error.
“Instagram is displaying a ‘server error 5xx,’ indicating a problem with Facebook’s servers,” the media outlet said.
“Users are also unable to post messages or upload new content on these platforms’ mobile apps. Even Oculus, Facebook’s virtual reality platform, is experiencing outages, according to a tweet posted by the platform.
“It appears that the outage is caused by a failure of the DNS (domain name server), which is the naming structure that forms the infrastructure of the web. So, if you try to navigate to facebook.com right now, the Internet won’t know where to find facebook.com.”
