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Facebook co-founder and CEO Mark Zuckerberg’s net worth plummeted by billions of dollars within hours as his social media went offline and a whistleblower prepared to testify before Congress.
According to Bloomberg, the 37-year-old social media mogul’s value fell by at least $ 6 billion – to $ 121.6 billion – as Facebook shares plunged 4.9% on Monday. Forbes reported similar figures, claiming Zuckerberg’s fortune fell to $ 117 billion – a drop from $ 5.9 billion. The new numbers put it at # 5 on Bloomberglist of the richest people in the world, behind Elon Musk, Jeff Bezos, Bernard Arnault and Bill Gates.
>> Facebook, Instagram and WhatsApp services are slowly being restored, company confirms
The news came as Facebook, Instagram and WhatsApp suffered a global outage that began shortly before noon on Monday, according to the Associated Press. Services began to come back online about six hours later.
“We want to make it clear at this point that we believe the root cause of this failure was a faulty configuration change,” the company said. in a blog post Monday evening. “We also have no evidence that user data has been compromised as a result of this downtime.”
Meanwhile, whistleblower Frances Haugen, who worked as a product manager for Facebook, was scheduled to testify before a U.S. Senate subcommittee on Tuesday, according to the AP.
“Facebook, time and time again, has shown that it prefers profit over security,” she said in a “60 Minutes” interview Sunday, adding that she did not believe the company was ” ready to actually invest what needs to be invested to keep Facebook from being dangerous.
– The Associated Press contributed to this report.
© 2021 Cox Media Group
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