Zuckerberg loses $7 billion over Facebook outage; Telegram, Signal gain

Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistle-blower came forward and outages took Facebook’s flagship products offline.

A sell-off sent the social-media giant’s stock plummeting around 5 per cent on Monday, adding to a drop of about 15 per cent since mid-September.

The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since September 13, when he was worth nearly $140 billion, according to the index.

Source: https://www.business-standard.com/article/technology/zuckerberg-loses-7-billion-over-facebook-outage-telegram-signal-gain-121100501493_1.html