Facebook’s Outage Causes CEO Mark Zuckerberg To Lose R105 Billion Of His Net Worth!
Facebook’s Outage Causes CEO Mark Zuckerberg To Lose R105 Billion Of His Net Worth! On Monday social media giant Facebook along with its subsidiaries WhatsApp and Instagram experienced an outage that caused millions of people to be disconnected from the platforms.
According to reports the founder and CEO of social media giant Mark Zuckerberg, lost nearly $7 billion (R105 Billion) in his net worth due to the outage of social media platforms, Facebook, WhatsApp and Instagram. The outage sent Facebook stocks plummeting by 5% on Monday, thus reducing Zuckerberg’s networth down to $120.9 billion according to the Bloomberg Billionaires Index.
Facebook released a statement on Twitter that stated that it is aware of the shutdown of its products and that it’s working on solving the problem. The post read, “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. To the huge community of people and businesses around the world who depend on us: we’re sorry. We’ve been working hard to restore access to our apps and services and are happy to report they are coming back online now. Thank you for bearing with us.”
According to Facebook, the company’s engineering teams have learned that configuration changes on the backbone routers that coordinate network traffic between its data centres caused issues that interrupted this communication. This disruption to network traffic had a cascading effect on the way its data centres communicate, bringing its services to a halt. “Our services are now back online and we’re actively working to fully return them to regular operations. We want to make clear at this time we believe the root cause of this outage was a faulty configuration change. We also have no evidence that user data was compromised as a result of this downtime.” The company said in a press release.
