Facebook Inc Outage: Lost US$ 7billion, a place on global rich list in Six hours

By Bakah Derick

The global tech giant is reported to have lost not less than US$7billion during the six hours outage on Monday 4 October 2021. 
The outage which has been described as the worst ever to affect Facebook Inc according to Netblocks has also affected that global economy with a rough estimated loss of US$160million as a result of the lost in revenue behind Facebook, Instagram, Messenger and WhatsApp. 

Forbes latest global billionaire  rankings now shows Facebook Inc owner Mark Zuckerberg five places below Bill Gates that is from fifth before the incident and sixth immediately after. At the close of  September, the tech giant was worth US$140billion and is now US$120.9billion. 

Facebook Inc CEO Mark Zurkerberg

The massive economic downturn has been attributed as the result of the whistleblower Frances Haugen who alleged that Facebook Inc knew its products were fuelling hate and harming children’s mental health.

Frances Haugen, a 37-year-old a data scientist former worket with Google and Pinterest, said in an interview that Facebook was “substantially worse” than anything she had seen before.

Facebook Inc has apologised for the outage.