fbpx
Connect with us

News

Mark Zuckerberg Apologises As He Loses RM29 Billion After Facebook, Instagram & WhatsApp Outage

Published

Ft Soc Med
Source:Business Insider & 9 To 5 Mac

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Talk about a loss…

The world has become ever so reliant and dependent on a handful of social media platforms to communicate to one another. Hence, when a company which holds three of the most used social media applications sees those platforms inaccessible for almost six hours yesterday (4 October), the world was under chaos.

Facebook, Instagram and WhatsApp were laced with issues yesterday as its more than 3.5 billion users around the world found that they were unable to access those social media platforms due to a system error.

All three platforms had issued statements on the issue and apologised for the disruptions it has caused.

Screenshot 347

Whatsapp

Screenshot 350

 

Facebook’s Chief Executive Officer Mark Zuckerberg had also issued a statement on his official Facebook page when the disruption was over which said, “Facebook, Instagram, WhatsApp and Messenger are coming back online now. Sorry for the disruption today. I know how much you rely on our services to stay connected with the people you care about.”

Screenshot 346

 

However this was seemingly not enough as according to the Entrepreneur, the disruption led to Mark Zuckerberg to lose nearly USD$7 billion (RM29 billion) of his personal wealth in just a few hour and subsequently even caused his position in the list of the richest people in the world to drop.

Shares of the social media giant had plummeted about 5%. According to the Bloomberg Billionaires Index, this has cost Zuckerberg the fifth position among billionaires and he now stands in sixth place with USD$120.9 billion (RM505.5 billion), behind Bill Gates.

Soc Med

 

Yesterday’s outage occurred in the midst of a controversy involving the social media giant which could have also been a factor of Facebook’s drop in shares.

On 13 September, The Wall Street Journal had published a series of stories in which revealed that Facebook was well aware of the problems that its products were causing, such as Instagram’s damage to the mental health of adolescents and misinformation on topics such as Covid-19.

Whistleblower

 

Following that, it was revealed that the leaked documents were by Frances Haugen who was a former Facebook product manager in the civic integrity team. Haugen who appeared in an interview on CBS’ television programme “60 Minutes” revealed that the company was putting profits ahead of public safety and people’s lives.

During the interview, she explained that she left Facebook earlier this year after becoming exasperated with the company and prior to leaving, had copied a series of memos and internal documents.

Fb

 

The documents seemed to show that the company did not apply the same moderation policies to VIPs or celebrities and that one of its algorithms favoured posts that provoked division and anger among users.

It was reported that when employees noticed that and tried to fix it, they were met with the reluctance of Mark Zuckerberg, who feared that the level of interaction with the Facebook would drop.

Meanwhile, there has been no official reason for the disruptions to the social media platforms as of now.

 

What do you think of this? Let us know in the comments.

 

Also read: China Restricts TikTok Usage For Teens, Those Under 14yo Can Only Use The App For 40 Mins Per Day

Tiktok Ft

Source: Twitter
Source: Twitter
Source: Twitter
Source: The Guardian

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Collage 95 Collage 95
News22 hours ago

42-Year-Old M’sian Man to Become First Person in Terengganu to Be Caned Publicly for Repeated Khalwat

A 42-year-old Malaysian widower will be the first person in Terengganu to be whipped in public for repeated Khalwat. The...

Collage 94 Collage 94
News2 days ago

5 Major Road Accidents Involving Trailers & Containers That Have Happened in M’sia Since 2022

Road accidents happen every day but there has been a significant number of container-related accidents recently.  Unfortunately, most of these...

My Post 1 2024 11 22T162729.854 My Post 1 2024 11 22T162729.854
News2 days ago

Terengganu Recorded 53 Marriages Involving Underaged Girls Since 2022, Most No Longer Studying

Terengganu has allegedly recorded 53 cases of marriages involving underaged girls in the last 2 years. According to a report...

Collage 93 Collage 93
News2 days ago

“Only RM124/month for 3 rooms” – DBKL to Take Action Against PPR Residents Who Aren’t Paying Rent

The Kuala Lumpur City Hall (DBKL) has a stern reminder for residents of the low-cost flats (PPR) in the city....

Collage 1 4 Collage 1 4
News2 days ago

M’sian Doctor Accused of Filming Female Worker’s Backside & Body While She Was Arranging Products

A local doctor was brought to court today (November 22), and is facing charges for allegedly recording videos of a...

Collage 18 2 Collage 18 2
News2 days ago

M’sian Guards Carrying RM200k in Company Cash Tell PDRM They Were Robbed, Get Detained Instead

In recent news, 3 men recently filed a police report after claiming that a sack of money belonging to a...

Feat Image Ayam Goreng Feat Image Ayam Goreng
News2 days ago

Owner of Viral Langkawi Eatery that Charged RM20 for a Small Plate of Ayam Goreng Kunyit Fined RM10,000

Earlier this year, we shared about an eatery in Langkawi, Kedah, that went viral after a customer complained online about...

Feat Image Frenly Feat Image Frenly
News2 days ago

Singapore Voted as the World’s Friendliest City in 2024, No Malaysian City Made it into Top 10

Singapore has been voted the friendliest city in the world in the global luxury and lifestyle travel magazine Condé Nest...

Announcement

Latest Videos



TRENDING TODAY