Facebook’s outage costs Zuckerberg $5.9 billion after a former product manager becomes whistleblower

The stock of Facebook fell 4.8% Monday due to continued political pressure and a long-term outage, which cost CEO Mark Zuckerberg billions. Zuckerberg’s fortune dropped by $5.9 billion to $117 billion. Currently, he ranks 6th on the world’s wealth ranking. Facebook’s stock came under pressure after one of its ex-workers disclosed internal research to AOL and the Wall Street Journal.

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In testimony before Congress, former Facebook employee Frances Haugen detailed how the company was aware that its sites were potentially harmful to young people’s mental health.

Source: Forbes