Tuesday, October 5, 2021

Mark Zuckerberg loses $7 billion after Facebook, Instagram and WhatsApp crash

The fortune of Mark Zuckerberg, CEO of Facebook, has been reduced this Monday by about $7 billion after a bad session on Wall Street in which the social network, affected by a global disruption of its services, fell about 4.9%.

The shares of the social network were dragged down on Monday on the New York trading floor by the outage of Facebook, Instagram and WhatsApp services worldwide, an incident that has lasted for several hours and for which the cause is so far unknown.

Information published on the Wall Street Journal

In addition, the company has recently been greatly affected by information that began to come to light a few weeks ago by the Wall Street Journal, which reveals that Facebook executives know that the company's platforms (Instagram, WhatsApp and Messenger, in addition to the social network itself) are, in many cases, harmful to users.

The situation has been aggravated after the whistleblower responsible for leaking the documents to the press, former Facebook employee Frances Haugen, 37, gave an interview this Sunday to the popular US television program "60 Minutes".

The reason for the worldwide crash

As explained on Twitter by cybercrime expert reporter Brian Krebs, the problem lies in the fact that the DNS records of the affected domains have disappeared; or, to be more precise, what have disappeared are the BGP routes that give access to these records (BGP is the protocol used to propagate them all over the Internet).

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