How many billions Facebook and Mark Zuckerberg lost to yesterday’s blackout

In addition to the damage in terms of reputation, in its period of inactivity the Facebook group inevitably lost money: the lost revenues and economic losses accumulated by the company during the blackout are not easy to quantify exactly, but a rough estimate is possible. .

Yesterday evening hundreds of millions of people became involved in one of the worst blackouts in Facebook history: Mark Zuckerberg’s social network, the WhatsApp messaging platform and the Instagram photo social network have remained unreachable for hours, with inconveniences in online communications that cannot help but reflect on the role of the multinational Menlo Park in the world. In addition to the damage in terms of reputation, in its period of inactivity the Facebook group has inevitably lost money: the lost revenues and the economic damage accumulated by the company during the blackout are not easy to quantify exactly, but a rough estimate is possible.

No advertising for hours

First of all, we must consider the losses deriving from the fact that, during the blackout, Facebook and Instagram were unable to show the advertisements that currently make up almost all of the group’s revenues. In the second quarter of this year, Facebook’s earnings attributable to this rumor were $ 28 billion and $ 580 million spread over a 91-day period. Given that the Facebook, Instagram and WhatsApp blackout lasted about 7 hours, one can imagine that the group lost about 90 million dollars.

The damage on the stock exchange

However, the heaviest damage in the short term derives from the reputational damage suffered by Facebook: the fact that the group’s services have remained unreachable for so long and for so many people, combined with surrounding news such as the story of the technicians locked out of the offices, contributed to the loss of value of the stock on the stock exchange. On Monday, the stock lost 4.9 percent of its value, that is over 47 billion dollars.

Facebook is forced to use Twitter to explain that social media, WhatsApp and Instagram don’t work

Zuckerberg lost us 6 billion

The damage directly impacted the personal assets of Zuckerberg, who owns about 13 percent of the shares in Facebook. According to Bloomberg estimates, the hit suffered by the title yesterday would have made the founder of the social network lose about 6 billion dollars. Nonetheless, Zuckerberg will certainly not end up in the middle of a road: he has 117 billions left in cash, useful to keep him firmly in the top 10 of the richest people in the world; the title will also most likely regain value in the next few hours: the history of Facebook’s almost ten-year run on the stock market proves this.


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