FB CEO LOSES $6 BILLION IN 6 HOURS!!

Photo by Brett Jordan on Unsplash

In few hours, After a whistleblower came forward and outages took Facebook Inc’s flagship products offline, the personal wealth of Facebook CEO has plummeted by more than $6 billion, knocking him down to 5th position, following Bill Gates in the Forbes Richest People on Earth List. Also, Facebooks stocks dropped by 4.9% Today, adding to the 15% drop since mid-September.

The Outage started at 11:40 AM EST Monday, leading to disruption in accessing the Facebook family of apps — Instagram, Messenger, Whatsapp, and OculusVR.

The problem appeared to start with a standard BGP (Border Gateway Protocol) update that went wrong, wiping out the DNS routing Data that FB needs to allow other networks to find their website.

The last time, When the Outage happened to Facebook was in 2019 when it went offline for 24 hours due to a technical error. It was very severe that even Facebook employees were not able to enter their offices as their badges stopped working.

Eventually, by Monday evening EST, Facebook restored all services after sending a team physically to reset their server computers at a data center in Santa Clara, California.

In addition, the company is under fire relating to a whistleblower, Frances Haugen, a former Facebook product manager who leaked thousands of internal research pages to news media, lawmakers and regulators.

These papers revealed that Facebook knew of the harm its services were causing to teenagers, especially girls who felt worse about themselves using Instagram.

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