Facebook CEO Mark Zuckerberg’s net worth declined by billions of dollars Monday amid an hours-long Facebook outage, as well as shocking revelations from an internal whistleblower.
According to the Bloomberg Billionaires Index, Zuckerberg’s net worth dropped by more than $6 billion on Monday to about $122 billion, still enough to make him the fifth-wealthiest man in the world.
According to Bloomberg, Zuckerberg’s net worth has fallen from $140 billion over the last several weeks. However, even with the most recent drop, Zuckerberg’s wealth has seen a sharp increase — $18.1 billion — over the past year.
On Monday morning, users of Facebook and other platforms that it owns — including Instagram and WhatsApp — were unable to access the applications.
“Facebook employees also were cut off from email, internal communication tools, and physical access to building sites because of the outage,” The New York Times reported. “The company did not disclose the cause of the outage. Security experts said the problem most likely stemmed instead from a misconfiguration of Facebook’s server computers, which were not letting people connect to its sites like Instagram and WhatsApp.”
Also Monday, Facebook was dealing with backlash after a whistleblower who leaked internal documents to The Wall Street Journal identified herself and provided an interview to CBS’ “60 Minutes.”
“I’ve seen a bunch of social networks and it was substantially worse at Facebook than anything I’d seen before,” said the whistleblower, Frances Haugen.
Among other claims, Haugen asserted that Facebook knew about many of the damaging effects its products were having on people, but chose to do nothing, as CNBC reported.
Facebook has long been a lightning rod for controversy.
Following the events of Jan. 6 at the U.S. Capitol, Facebook indefinitely suspended then-President Donald Trump from its platform.
“We believe the risks of allowing the President to continue to use our service during this period are simply too great,” Zuckerberg said at the time.
In June, Facebook decided that Trump would not be allowed to use the platform for two years.
Trump, meanwhile, has harshly criticized the social network and its leader.
“He used to come to the White House to kiss my a**,” Trump told Fox News last month. “And I’d say, ‘Oh, that’s nice.’ I have the head of Facebook coming with his lovely wife.
“And they come, and they’d have dinner with me in the White House. And then you see what they do about me and about Republicans, and it’s just sort of crazy. But that’s the way the world works.”