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Zuckerberg lost $ 7 billion
Oct 05, 2021 Chathura Prabhaswara Gamage News 384 hits
Despite the fact that now the situation on Facebook is fine, in some places there are still some problems. Today, Facebook shares fell sharply to 5%. Of course, we understand that this fall in the company's shares will be due to several hours of downtime of its platform. Former Facebook product manager Francis Haugen claims that Facebook spreads hatred and false information among users for profit.
Facebook claims that its algorithm always selects content that can improve user interaction. However, internal research shows that these materials can incite hatred, controversy and extremes. This, in turn, can provoke the user's anger, not other positive emotions.
Facebook announced today that the company's main programs, Instagram and WhatsApp, have stopped working around the world. This is also one of the longest failures in Facebook. The reason users can't access Facebook services is because the Domain Name System (NAS) can't direct users to the correct URL. Security experts say that the simple may be the result of a system configuration error.
At today's regular trading, Facebook's share price fell by $ 16.69, which is 4.87% less, and closed at $ 326.32. It reached a minimum of $ 322.7, down 6%. Under the influence of this news, Mark Zuckerberg's personal wealth decreased by almost 7 billion US dollars, and he "fell", becoming the fifth richest man in the list of the richest people in the world.
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