Mark Zuckerberg loses $6 billion in hours as Facebook plunges

POLITICS

05.10.2021 | 13:24

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Big tech billionaire Mark Zuckerberg has lost more than $6 billion in just a handful of hours since his tech empire’s websites (including Facebook, Instagram, and WhatsApp) all crashed midday on Monday, October 4, 2021, according to an initial report.

Surprisingly, this isn’t a massive loss for one of the world’s most wealthy men. Ultimately, the loss brought his wealth to $117 billion in total.

Just this week, a whistleblower handed a trove of documents to the United States Congress, the Securities Exchange Commission, and various news outlets about the practices at Facebook. Frances Haugen, a former product manager in Facebook’s now-disbanded Civic Integrity Unit, appeared on 60 Minutes and revealed her identity, saying things were “substantially worse at Facebook than anything I’d seen before.” Her goal in coming forward? To “fix the company, not harm it.”

 

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