Facebook owner, Mark Zuckerberg, has seen his wealth fallen in value by about $7 billion in hours after Facebook, Instagram, WhatsApp and Messenger crash globally.
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We’re aware that some people are having trouble accessing our apps and products. We’re working to get things back to normal as quickly as possible, and we apologize for any inconvenience.
— Meta (@Meta) October 4, 2021
Facebook in a statement did not reveal the problem but sources have claimed it is a problem with the Domain Name System. The error message on the webpage of Facebook Inc suggested a problem with Domain Name System (DNS). DNS allows web addresses to take users to their destinations.
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The problem with Facebook has caused Mark Zuckerberg to lose about 5% of his fortune pushing him below Bill Gates on the world billionaires list.
The stock slide on Monday sent Zuckerberg’s worth down to $121.6 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s down from almost $140 billion in a matter of weeks, according to the index.
Mark Zuckerberg has been huge hit by setbacks as he saw his fortune drop by about 15% in mid September.
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