Mark Zuckerberg Incurs A Whooping $ 7 Billion Loss Following Social Media Outage - The Sauce
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Mark Zuckerberg Incurs A Whooping $ 7 Billion Loss Following Social Media Outage

Last evening’s social media blackout was felt and experienced the world over.

If you are ever in doubt about how important social media is, last night’s occurrences proved that our world now revolves around social media. Besides a lot of online activity culminating in a bona fide standstill as a result, the brains behind all three platforms Mark Zuckerberg  apparently suffered major losses as platforms suffered an outage.

For the seven hours that the platforms were out of operation, Zuckerberg incurred losses of a whooping $ 7 billion, according to Bloomberg.

As a result of the loss, the mogul fell down the list of the world’s wealthiest significantly. His stock dropped about 5% after the blackout, and totaling a total of 15% drop since September.

His wealth is now estimated at $ 120.9 billion down from his initial net worth in Setember that sat at $ 140 billion.

He currently ranks at number 5 of the Bloomberg billionaires index, just below Bill Gates.

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