Twitter reacts to Instagram, Facebook and WhatsApp outages
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The global outage stopped three billion Facebook, Instagram and WhatsApp users from accessing the platforms for six hours on Monday evening and cost the company an estimated $60million (£44million) in advertising revenue. Not only that but it is also thought to have cost the world’s fifth richest man $6.8billion dollars, as Mr Zuckerberg’s personal net worth fell 5.58percent to $115.8billion, according to Forbes.
The issue is believed to be down to a technical error which caused Mr Zuckerberg’s social networks to go down for more than six hours.
While billions of people rely on Facebook to connect with friends and family, businesses around the world use it to advertise their services and carry out online sales.
In a statement, Facebook publicly apologised for the outage but said that it wasn’t hacked and didn’t think data had been compromised.
It said: “To all the people and businesses around the world who depend on us, we are sorry for the inconvenience caused by today’s outage across our platforms.
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“We want to make clear at this time we believe the root cause of this outage was a faulty configuration change. We also have no evidence that user data was compromised as a result of this downtime.”
As things get back to normal it will be interesting to see how this outage affects the social media giant over the long term.
Overnight, one Twitter user and social entrepreneur Chief Erican said Mark Zuckerberg’s net worth dropped 5.58 percent to $115.8billion.
In a tweet, he said: “Mark Zuckerberg’s personal wealth has dropped by nearly $7billion in a matter of hours, knocking him down a notch on the list of the world’s wealthiest people, as Whatsapp, Facebook, and Instagram have all gone down.”
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It has been a costly mistake, Mark Zuckerberg’s personal wealth has fallen by more than $6 billion in a few hours, knocking him down a notch on the list of the world’s richest people to number five.
He is now placed below Bill Gates at number four, Bernard Arnault at number three, Jeff Bezos at number two and Elon Musk who tops the table as the world’s richest man.
His fall in personal wealth could be due to a number of factors, as Zuckerberg has not had an easy time in the press lately.
Reports are emerging that Facebook knew about problems with its platforms including Instagram’s harm to teenage girls’ mental health.
When it comes to the world’s richest men, Microsoft founder Bill Gates is placed just above Mr Zuckerberg at number four with a personal net worth of $128.8billion.
Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora and comes in at number three, worth $173.3billion according to Forbes.
It’s perhaps no surprise that Amazon founder Jeff Bezos is considered the second richest man in the world – with a net worth of $186.6billion.
That only leaves founder of Tesla Elon Musk to take the number one spot with an estimated personal net worth of $201.3billion.
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Elon Musk is only the third person ever to make more than $200billion, according to Forbes.
Musk’s wealth is made up mostly of the stocks he owns, the majority of them in Tesla.
Over the course of a year, Elon Musk’s wealth has gone from $30billion to $172billion.
When asked for a comment on surpassing his rival, Jeff Bezos, Mr Musk said: “I’m sending a giant statue of the digit ‘2’ to Jeffrey B., along with a silver medal”.
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