Facebook CEO Mark Zuckerberg lost over $6 billion from his fortune within hours as the company’s shares fell amid a global outage of Facebook, WhatsApp and Instagram. The company’s shares plunged 4.9% on Monday, taking Zuckerberg’s net worth down to $121.6 billion. With this, Zuckerberg dropped below Microsoft Co-founder Bill Gates to the fifth position on the Bloomberg Billionaires Index.
Facebook has said that the configuration changes on the backbone routers that coordinate network traffic between its data centres caused issues that led to more than six-hour outage of its services including WhatsApp and Instagram. Facebook added that the cause of the outage also impacted its internal tools and systems, complicating its attempts to quickly diagnose and resolve the problem.