Report: Zuckerberg loses $7bn as Facebook, WhatsApp, Instagram collapse
The net worth of Mark Zuckerberg, founder and chief executive officer (CEO) of Facebook, fell by nearly $7 billion in a few hours after the company’s flagship products collapsed. According to Bloomberg, a selloff plummeted Facebook’s stock around 5 percent on Monday.
The stock slide dropped Zuckerberg’s worth to $128 billion on the Bloomberg Billionaires Index.
Apart from the shutdown, a whistleblower had earlier revealed that the company prioritised profit over the public good.
Frances Haugen, a 37-year-old former Facebook employee, alleged that Facebook knows its platforms are used to spread hate, violence and misinformation, and that the company tried to hide that evidence.She filed complaints with the Securities and Exchange Commission (SEC) that the company is hiding research about its shortcomings from investors and the public.
WhatsApp, Instagram, and Facebook all gone down in what appeared to be another global outage.
According to data on Downdetector, the three social media platforms — owned by Mark Zuckerberg — completely stopped working shortly before 5 pm (GMT+1) on Monday, leaving millions of users worried.
Տեքստում սխալ կամ վրիպակ նկատելու դեպքում, ուղարկեք խմբագրին հաղորդագրություն` նշելով տվյալ սխալը, այնուհետև սեղմելով Ctrl-Enter:
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17:07
Winter military draft starts in Armenia on November 25
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Russian spokeswoman told not to comment on ballistic missile strike live on air
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Belgian politicians call for immediate release of all Armenian prisoners held in Baku
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Armenia thwarts large-scale drug smuggling attempt
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15:33
Armenian government reduces financial aid for Artsakh refugees
The Armenian government on Thursday approved a decision to reduce financial aid for the displaced Artsakh Armenians.
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14:45
Percival Everett wins National Book Award
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14:35
Pyunik v West Armenia match canceled
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The 17th round match was scheduled for November 21....
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14:06
Armenian Foreign Ministry denies cooperation with Azerbaijan on water management
Armenia’s Foreign Ministry has denied claims of cooperation with Azerbaijan on transboundary water resources management.
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13:36
No rain in sight for rest of the week
Clear weather is expected in Armenia's regions from Thursday to Sunday.
Rain and snow are forecast for most parts of the country...
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13:06
Pashinyan thanks dismissed officials for cooperation
Armenian Prime Minister Nikol Pashinyan expressed gratitude to the dismissed top government officials for joint work and wished good luck to...
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12:36
Armenian church marks Presentation of Virgin Mary
The Armenian Apostolic Church celebrates the Presentation of the Blessed Virgin Mary on Thursday, November 21.
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12:15
Luxembourg's parliament demands immediate release of all unlawfully imprisoned persons in Azerbaijan
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12:00
Davit Khudatyan appointed minister of territorial administration
Armavir Governor Davit Khudatyan has been appointed Minister of Territorial Administration and Infrastructure.
Armenian President Vahagn...
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11:45
Australia launches bill to ban social media for children under 16
Australia's centre-left government on Thursday introduced a bill in parliament that aims to ban social media for children under 16 and...
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11:30
Armenia's Andranik Avetisyan wins gold at World Military Wrestling Championships
The 37th World Military Wrestling Championships kicked off in Yerevan, Armenia, on Wednesday, bringing together 400 participants...
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11:10
Leopard missing for two years spotted in Armenia's Tavush
A leopard, that lost its front paw and disappered from Armenia's Vayots Dzor Province in December 2022, has been spotted in...
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17:09
Armenian political analyst warns of risk of nuclear war
Political scientist Stepan Danielyan has warned of an imminent threat of nuclear war after the Russian nuclear doctrine change.
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16:45
Rain, snow expected in parts of Armenia
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Clear weather is...
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16:22
GM Robert Hovhannisyan qualifies for FIDE World Cup
The European Individual Chess Championship 2024 has concluded.
GM Aleksandar Indjic from Serbia became the champion, scoring 9 points...
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15:46
Cher reveals she lost her virginity at 14 to get revenge on boyfriend
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15:32
Political analyst: Azerbaijan transported weapons to Nakhichevan 5 times in 4 days
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15:04
Azerbaijan attempts to distort Energy Charter goals in lawsuit against Armenia
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14:32
Armenian MP calls for tough response to destruction of Artsakh heritage
Opposition lawmaker Tigran Abrahamyan calls for a tough international response to Azerbaijan’s destruction and desecration of Armenian...
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13:52
Arpine Sargsyan appointed Armenian interior minister
Armenian President Vahagn Khachaturyan on Wednesday signed a decree to appoint Arpine Sargsyan as Armenia’s new interior minister....
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13:30
November 20 is World COPD Day
World Chronic Obstructive Lung Disease (COPD) Day is marked annually on November 20.
World COPD Day is organized by the Global...
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13:06
Yerevan to spend some 549.7 million drams on New Year celebrations
The Yerevan Municipality will spend 549.7 million drams on the upcoming New Year celebrations in the Armenian capital, Deputy Yerevan Mayor...
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12:34
Pashinyan names pick for new minister of territorial administration
Prime Minister Nikol Pashinyan has named Davit Khudatyan as his pick for Armenia's new minister of territorial administration and...
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12:15
Amnesty International urges Georgia to respect right to peaceful assembly
Reacting to the news that police in Tbilisi, Georgia’s capital, have violently dismantled a protesters’ tent camp, Denis Krivosheev,...
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12:05
'Dictators release political prisoners only when they face consequences,' lawyer says
Azerbaijan, a country often criticized for its authoritarian governance and human rights abuses, is hosting the 29th United Nations Climate...
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11:30
Armenia blocks Artsakh movie from nomination for Oscars
By Harut Sassounian
TheCaliforniaCourier.com
In my last week’s article I criticized the government of Jordan for buckling under...
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