Why is my Facebook not working?
On Monday, Oct. 4, Facebook and its other affiliate applications — Messenger, Instagram, and WhatsApp— faced the most terrible outage in the history of the social media giant. For roughly six hours, the said apps were not working for billions of people across the globe.
Although the apps are now slowly regaining their control, Facebook CEO Mark Zuckerberg also faced a different landslide. Starting on Sunday, when the “60 Minutes” interview was aired, along with the outage, the CEO fell behind Bill Gates for the place in the richest man in the world.
How rich is Mark Zuckerberg now?
As everyone in the stock market panicked for Facebook’s sudden major outage, investors also pulled out their shares in the company. Resulting in a massive blow on Zuckerberg’s net worth.
As reported via Bloomberg, the Facebook CEO lost more than $6 billion for the Oct. 4 outage.
The Facebook company shares dropped down to 4.9 percent on Monday alone, along with the nearly 15 percent drop in mid-September.
Due to the major blow on the Facebook tech giant, Zuckerberg is now placed behind Microsoft’s Bill Gates as the fifth richest man in the world. As of this writing, the Facebook CEO has over $120 billion. Gates, on the other hand, has $124 billion in his name.
Why did the Facebook plunged happen?
The sell-off started when a former Facebook official revealed to the public that the social media giant has not been telling people the truth.
As reported via Tech Visibility, the said Facebook whistleblower identified herself as Frances Haugen, former product manager on the civic misinformation team at Facebook.
In her interview, the ex-employee shared that Facebook prioritizes profit over the safety of its users. For example, the Instagram app has reportedly been raised issues about teenage suicidal cases and eating disorders.
Instead of warning its users about the bad effects of the photo-sharing app, Facebook reportedly disregarded the research.
“And what’s super tragic is Facebook’s own research says as these young women begin to consume this eating disorder content, they get more and more depressed. It actually makes them use the app more,” Haugen said. “They end up in this feedback cycle where they hate their bodies more and more.”
Another thing she revealed about Facebook is that the social media giant is not really doing its job to maintain fairness in the app. She claimed that only 5 percent of accounts are being taken down by Facebook when it comes to hate speech on the app.
Why Facebook experienced outage?
Of course, the next thing that made a massive blow on Facebook shares was the recent outage.
As explained via BBC, the outage was caused by a faulty configuration change on the company’s part. Facebook also clarified that there were no confirmed reports saying that data was compromised during the past six-hour outage.
Aside from Facebook and its affiliated apps, the report also mentioned that other apps with connections to Facebook such as Pokemon GO and Oculus also faced troubles when logging in.