Zuckerberg is now worth about $121.6 billion, down from almost $140 billion just a couple weeks ago, according to Bloomberg. 9, 2020.įacebook founder Mark Zuckerberg’s personal wealth took a more than $6 billion hit on Monday, sending him below Microsoft founder Bill Gates to No. It was the stock’s biggest one-day plummet since Nov. ![]() Hours after Facebook’s family of apps began displaying error messages, the company’s security experts were still trying to identify the cause, The New York Times reported, citing an internal memo and employees briefed on the matter.įacebook’s global security operations center reportedly classified the outage as “a HIGH risk to the People, MODERATE risk to Assets and a HIGH risk to the Reputation of Facebook,” according to a company memo.Īs Facebook scrambled to solve the issue, investors ditched the stock, sending almost 5 percent lower to $326.23 per share. “We are experiencing networking issues and teams are working as fast as possible to debug and restore as fast as possible.” “*Sincere* apologies to everyone impacted by outages of Facebook powered services right now,” he tweeted. ![]() While Facebook has yet to identify the root of the issue, cybersecurity experts said it does not appear to be a cyberattack and instead seems to be linked to internal issues with Facebook’s systems.Īs the outage stretched into the late afternoon, Facebook chief technology officer Mike Schroepfer issued an apology to users. ET, according to DownDetector, and hit users globally, taking out critical communications platforms that billions of people and businesses rely on everyday. after he was booted for anti-vax commentsįacebook offered “sincere apologies” Monday afternoon as a sweeping outage of its site and various other properties, including Instagram, WhatsApp and Messenger, stretched for more than six hours and helped to wipe more than $50 billion off Facebook’s market cap - the stock’s worst day of trading in almost a year. Instagram lifts ban on presidential candidate RFK Jr. The company had not sent any fresh updates as users in Asia, India and the UK started seeing some connections come back online.My neighbors left me a note about my newborn’s ‘very disturbing’ cryingīody of missing woman found on fire after going to make Facebook Marketplace purchaseĪpple debuts mixed-reality ‘Vision Pro’ headset with whopping $3,499 price tag - first major product launch in decade Shares in Meta fell 0.7% to $128.85 in pre-market trading following the outage. While that is unlikely, in years past, the scale of the Indian market has led to difficulties for the app: the popular habit of sending “good morning” images to friends and relatives, and greetings on holidays, led to service interruptions until the company introduced a “status” feature to let users share messages with all their followers at once. Some joked that the weight of messages sent over Diwali could have caused the outage. WhatsApp’s latest outage came during the festive season in India – its biggest market by user count – when people use the platform more than usual to send season’s greetings. Although the update was rapidly reversed, it took many hours to fully filter out through the distributed systems that hold the internet together. That time, the error was caused by a mistaken configuration pushed by Facebook’s network engineers, that effectively told the global internet that the service no longer had any servers online. ![]() “Multiple areas will inevitably be significantly impacted as a result of this downtime, along with a predicted financial hit but lessons from other recent prominent times when the internet has gone down will have hopefully taught many to have access to other forms of communication,” he said.Ī two-hour outage is significant for Meta, but is short compared with the five-hour problem experienced by the company a year ago. “This highlights the significance of vast hosting companies directing data around the internet along with companies and individuals relying on single points of communication,” said Jake Moore, an adviser at the Slovakia-based cybersecurity firm ESET. When WhatsApp had an hours-long outage last October, it hit trading of assets from cryptocurrencies to oil, before traders switched to alternative platforms such as Telegram. WhatsApp has become a critical means of communication for households and businesses. While the app was down, less serious problems hit other services across the net, including sister platforms Instagram and Facebook Messenger. The company did not disclose the reason for the outage. We have fixed the issue and apologise for any inconvenience,” a spokesperson for WhatsApp parent company, Meta Platforms, said. “We know people had trouble sending messages on WhatsApp today.
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