Zuckerberg lost $ 6.6 billion and fell to sixth place on billionaire list

The share price opened to a value of US $ 334.55 and hit a low of US $ 323.13, more than $ 10 lower, to stabilize at US $ 326.

Consequently, the personal fortune of Mark Zuckerberg – owner and founder of the company – it fell nearly $ 7 billion in a matter of hours, adding to a drop of about 15% since mid-September.

Monday’s stock market crash reduced Zuckerberg’s value to $ 120.9 billion, falling below Bill Gates at No. 5 on the Bloomberg Billionaires Index., losses amounting to around $ 19 billion since September 13, when it was worth nearly $ 140 billion, according to the index published by Bloomberg.

According to outage tracking service DownDetector, user-reported outages skyrocketed for the company’s four main departments – Facebook, Instagram, WhatsApp and Messenger – around 12:30 p.m. in Argentina, although they were international failures. .

Monday is Facebook’s longest outage since 2008, when its services were shut down for almost a full day due to an error that prevented many of the platform’s 80 million users from loading their timelines in because of an error, according to CNBC.

With over 2,890 million monthly active users in the last quarter – according to the company’s self-reported figures – Facebook is the world’s most popular social media platform.

The drop in the share price on Monday comes on top of those triggered by a series of publications the Wall Street Journal began on September 13, based on internal documents which revealed that Facebook was aware of a wide range of issues with its products.

Among these are The damage Instagram has done to adolescent mental health and misinformation about the January 6 riots on the U.S. Capitol.

However, the company played down these events in public by stressing that the problems facing its products, including political polarization, are “complex and not caused by technology alone.”