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After a spy came forward and outages brought Facebook Inc.’s key programs down, Mark Zuckerberg’s personal fortune dropped by more than $7 billion in a matter of hours. Pushing him down a level on the list of the world’s richest people.
However, The stock market fall on Monday reduced Zuckerberg’s net worth to $121.6 billion. Putting him behind Bill Gates on the Bloomberg Billionaires Index at No. 5. According to the index, he has lost over $140 billion in a couple of weeks.
The Wall Street Journal began publishing a series of stories on Sept. 13 based on a cache of internal documents, revealing that Facebook was aware of a wide range of issues with its products. Including Instagram’s negative impact on teenage girls’ mental health and misinformation about the Jan. 6 Capitol riots, while trying to downplay the issues in public. The reports drew the attention of government authorities, and the leak came forward on Monday.
Mark Zuckerberg’s Response
Facebook has responded by emphasizing that the challenges confronting its products. Such as political division, are complicated and not only due to technological factors.
Nick Clegg, Facebook’s vice president of worldwide relations, told CNN, “I believe it gives people comfort to feel that there must be a scientific or a technical explanation for the challenges of political polarization in the United States.”
Meanwhile, Mark Zuckerberg, the CEO of Facebook, apologized on Tuesday for a six-hour social media outage that impacted Facebook, Instagram, and Whatsapp.
Zuckerberg claimed in a Facebook post that the social media networks were back to normal. “I apologize for the difficulty today – I realize how important it is for you to stay in touch with the people you care about,” he wrote.
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