Facebook co-founder and CEO Mark Zuckerberg’s net worth tumbled by billions of dollars within hours as his social networks went offline and a whistleblower prepared to testify before Congress.
According to Bloomberg, the 37-year-old social media magnate’s worth fell by at least $6 billion – to $121.6 billion – as Facebook shares plunged 4.9% on Monday. Forbes reported similar figures, saying Zuckerberg’s fortune dropped to $117 billion – a $5.9 billion decline. The new numbers put him at No. 5 on Bloomberg’s list of the world’s richest people, behind Elon Musk, Jeff Bezos, Bernard Arnault and Bill Gates.
The news came as Facebook, Instagram and WhatsApp suffered a worldwide outage that began shortly before noon Monday, according to The Associated Press. The services began to come back online about six hours later.
“We want to make clear at this time we believe the root cause of this outage was a faulty configuration change,” the company said in a blog post Monday night. “We also have no evidence that user data was compromised as a result of this downtime.”
Meanwhile, whistleblower Frances Haugen, who worked as a product manager for Facebook, was slated to testify before a U.S. Senate subcommittee Tuesday, according to the AP.
“Facebook, over and over again, has shown it chooses profit over safety,” she said in a “60 Minutes” interview Sunday, adding that she doesn’t trust that the company is “willing to actually invest what needs to be invested to keep Facebook from being dangerous.”
– The Associated Press contributed to this report.
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