After a whistleblower came forward and outages took facebook Inc.'s flagship products offline, Mark Zuckerberg's personal wealth dropped by more than $6 billion in a matter of hours, knocking him down a dent on the list of the world's richest people.
The shares of the social media behemoth dropped 4.9 per cent on monday, extending a lessening of roughly 15 per cent since mid-September.
The stock market's decline on monday reduced Zuckerberg's net worth to $121.6 billion, putting him behind bill gates on the Bloomberg Billionaires Index at No. 5. According to the index, he has lost over $140 billion in a couple of weeks.
Almost six hours after the services were restored, facebook released a list of the causes for the major outage. One of the main causes for the selloff was this. Facebook's technical teams discovered that modifications to the backbone routers that coordinate network traffic between our data centres produced difficulties that led this communication to be disrupted. This interruption in network traffic had a cascade impact on how their data centres communicated, thereby shutting down our services. In addition, the social media firm stated that it has no indication that user data has been hacked as a result of the outage.
The shares of the social media behemoth dropped 4.9 per cent on monday, extending a lessening of roughly 15 per cent since mid-September.
The stock market's decline on monday reduced Zuckerberg's net worth to $121.6 billion, putting him behind bill gates on the Bloomberg Billionaires Index at No. 5. According to the index, he has lost over $140 billion in a couple of weeks.
Almost six hours after the services were restored, facebook released a list of the causes for the major outage. One of the main causes for the selloff was this. Facebook's technical teams discovered that modifications to the backbone routers that coordinate network traffic between our data centres produced difficulties that led this communication to be disrupted. This interruption in network traffic had a cascade impact on how their data centres communicated, thereby shutting down our services. In addition, the social media firm stated that it has no indication that user data has been hacked as a result of the outage.
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