Mark Zuckerberg Lost $7 Billion

Daniel Acker/Bloomberg/ Getty Images

Yesterday was a bad day for Facebook.  It all started Sunday night, when a former employee did an interview exposing all kinds of internal corruption. Including the fact that Facebook intentionally prioritizes incendiary content, because they make more money that way.

Also, they knew Instagram was increasing suicidal thoughts and eating disorders among young girls, and really didn’t do anything about it.  

Then, yesterday at about 11:30 A.M. Eastern, Facebook, Instagram, WhatsApp, and Messenger all went down, and didn’t return until the evening.

By 4 o’clock, they’d lost nearly $60 million in revenue or about $13 million per hour, or $220,000 a minute.  And Zuckerberg saw his personal net worth decrease by about $7 BILLION.

It’s still not clear what caused the outage, but it appears to have been a problem with the Domain Name System, which translates website names into IP addresses that can be read by a computer.