WhatsApp And Instagram Down, Mark Zuckerberg's Money Lost Rp99 Trillion
JAKARTA - Mark Zuckerberg's personal wealth plummeted by around 7 billion US dollars or around Rp. 99 trillion after the case of reporting on Facebook's internal documents and followed by WhatsApp, Facebook, and Instagram which were down from Monday 4 October to Tuesday 5 October early in the morning.
Quoted from Bloomberg, there was a sell-off in Facebook shares so the price fell about 5 percent of Monday's trading. Facebook shares have fallen 15 percent cumulatively, since mid-September.
Monday's drop in stocks sent Zuckerberg's fortune down to $120.9 billion, dropping him below Bill Gates to number 5 on the Bloomberg Billionaires Index. Zuckerberg has lost an estimated $19 billion since September 13, when he was worth nearly $140 billion.
On September 13, the Wall Street Journal began publishing a series of stories based on internal documents, revealing that Facebook was aware of various problems with its products, such as the dangers Instagram had to the mental health of teenage girls and misinformation about the January 6 riots in the Capitol.
The report has caught the attention of government officials. In response, Facebook has stressed that the problems facing its products, including political polarization, are complex and not caused by technology alone.
"I think it gives people comfort to assume that there has to be a technological or technical explanation for the problem of political polarization in the United States," said Facebook vice president of global affairs Nick Clegg.