Categories: WORLD

Zuckerberg loses OVER $6 BILLION as Facebook empire outage drags into HOURS

After mass complaints about the various platforms being down and users getting error messages, Facebook said it was working to resolve the issue.

As the platforms have remained down for hours, more and more have piled onto Zuckerberg and gone to other social media apps that aren’t experiencing such issues, like Twitter and Telegram. Many have even temporarily celebrated the absence of Facebook. 

Critics have more reason to throw shots Zuckerberg’s way because he’s lost billions since his apps have begun experiencing trouble, according to real time tracking by Forbes. 

Forbes’ list of “today’s winners and losers” tracks from the close of business the previous day, meaning Zuckerberg’s massive losses have happened since customers began experiencing technical issues. 

Other leaders in Big Tech, however, have also seen recent losses, according to the data, with Amazon’s Jeff Bezos and Microsoft’s Bill Gates both having billions in losses too, though still comparatively minor in the shadow of Zuckerberg’s $6.7 billion (as of this writing). The loss has put Zuckerberg at sixth on Forbes’ list of the world’s top billionaires. Elon Musk sits at the top. 

Facebook stock has dropped multiple percentage points in the wake of not only the technical difficulties, but also a ‘60 Minutes’ interview with a whistleblower from the company that aired on Sunday night. 

Data scientist Frances Haugen came forward as the whistleblower behind a recent report claiming the company is aware of the negative effects their services can have on users, and their censorship ‘measures’ have been used to increase just profit, rather than fight misinformation, as the company claims.

Haugen will appear before Congress this week for a hearing called ‘Protecting Kids Online,’ which will focus on the alleged negative effects of Facebook’s algorithms on youths.

If you like this story, share it with a friend!

© 2021, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Relations with West, national resilience and forging victory: Key takeaways from Putin’s inauguration

Russian President Vladimir Putin has officially been sworn into office for a fifth term. In…

7 hours ago

Russia issues military ultimatum to UK

Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…

1 day ago

Zelensky can’t ‘mobilize God’ – Russian church

Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…

2 days ago

Ukrainians are God’s chosen people – Zelensky

Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…

2 days ago

Israel ready for temporary truce with Hamas – Netanyahu

Israel is willing to pause its military offensive in Gaza if Hamas releases all the…

3 days ago

Some EU states still consider Russia ‘good friend’ – Borrell

The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…

3 days ago