Business Standard

Zuckerberg loses $7 billion over Facebook outage; Telegram, Signal gain

The stock slide sent Zuckerberg's worth down to $120.9 bn, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index

Mark Zuckerberg
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Mark Zuckerberg

Agencies
Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistle-blower came forward and outages took Facebook’s flagship products offline.
 
A sell-off sent the social-media giant’s stock plummeting around 5 per cent on Monday, adding to a drop of about 15 per cent since mid-September.
 
The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since September

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