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Tuesday, October 12, 2021

How much money did Mark Zuckerberg lose today?

HIGHLIGHTS

After Facebook went down, Zuckerberg’s personal wealth decreased by more than $6 billion.

According to the Bloomberg Billionaires Index, Zuckerberg has shrunk from nearly $140 billion in a few weeks.

He now ranks sixth with $120.9 billion, second only to Bill Gates.

Facebook CEO

Mark Zuckerberg (Mark Zuckerberg)’s personal wealth fell by more than $6 billion in the hours after Facebook’s downtime, which put him down a notch in the list of the world’s richest people. Previously, the social media giant faced nearly seven hours of downtime along with Instagram and WhatsApp. A few hours before the blackout, a whistleblower came forward and revealed her identity, which may also be the cause of the blackout. In just a few hours, Zuckerberg’s personal wealth has shrunk by more than $6 billion.

According to the Bloomberg Billionaire Index, this makes Zuckerberg fifth among billionaires. Now, he ranks sixth with $120.9 billion, second only to Bill Gates. Facebook’s stock price has plummeted by about 5% and has fallen by 15% since mid-September.

Mark Zuckerberg

According to The Index, Zuckerberg has shrunk from nearly $140 billion in a few weeks. Facebook knew that its products had a wide range of problems-such as Instagram’s damage to the mental health of girls and the riots in Congress on January 6- At the same time, these problems should be downplayed in public.

These reports attracted the attention of government officials. On Monday, the whistleblower revealed his identity. Frances Haugen, 37, revealed her identity after applying for federal whistleblower protection. Haugen submitted internal documents submitted to Congress.

US Securities and Exchange Commission and Wall Street Journal. She decided to reveal her identity and pointed out that Facebook realized that it would be safer if they changed the algorithm.

It was Haugen who posted on Instagram papers and information harmful to the mental health of teenagers that caused the platform to suspend Instagram Kids.

In response, Facebook emphasized that the problems faced by its products, including political polarization, are complex and not only caused by technology.

#Mark Zuckerberg lose today

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