Mark Zuckerberg’s Net Worth Takes Ginormous Hit With Facebook And Instagram Down

mark zuckerberg net worth loss facebook instagram down

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  • Mark Zuckerberg’s personal wealth has taken a major hit with Facebook and Instagram both being down for a significant period of time.
  • Facebook’s stock sliding is losing Zuckerberg a tremendous amount of money.
  • Be sure to check out all the news surrounding Facebook’s latest outage here.

Facebook and Instagram are down, and so too is Mark Zuckerberg’s net worth.

According to Bloomberg, Zuckerberg’s personal wealth has fallen by more than $6 billion in the last few hours due to Facebook’s outage. Plus, ’60 Minutes’ airing a groundbreaking piece about a Facebook whistleblower, Francis Haugen, less than 24 hours prior to the outages isn’t helping his cause either.

A selloff sent the social-media giant’s stock plummeting 4.9% on Monday, adding to a drop of about 15% since mid-September.

Zuckerberg’s worth is now don’t to $121.6 billion, down from almost $140 billion in only a matter of weeks. He’s now ranked fifth on Bloomberg’s Billionaires Index, falling below Bill Gates with this latest drop.

Why Are Facebook and Instagram Down?

The first outages at Facebook, Instagram, and other services Facebook owns were noticed just after 11:00 AM EST on Monday, October 4.

According to Jim Salter of Arstechnica, Facebook’s DNS – Domain Name System – appeared broken this morning. A broken DNS means that devices can’t get to the servers that host the website.

Shortly after it was found that the DNS was broken, Disclose.tv reported that data of over 1.5 billion Facebook users was being sold on a popular hacking-related forum. The information being sold includes names, emails, locations, etc.

It’s worth noting that Disclose also reported that the information hack and the actual outage are completely unrelated.

It’s been reported that Facebook employees haven’t even been able to get inside buildings on the company’s campus due to the outages. One source told Philp Crowther of the AP that it’s “mayhem” at Facebook right now.

The New York Times recently reported that Facebook has sent out a team to one of its California data centers to try to manually reset serves.