Mark Zuckerberg social media platforms was hit by global outage at around 16:40 UTC and is still on-going since 4hours ago.
Following online sources concerning the social media outage. Rumours has it that its unlikely a hack and servers are the major issues behind the outage.
Also Read: Facebook, Instagram & WhatsApp Crash, Bitcoin Up
According to Bloomberg news source, Zuckerberg has lost $7billion in a space of 4hours and likely going to lose more with the on-going outage.
Moreover, Facebook stocks are down and the future of the crypto project Diem, formally Libra token maybe at jeopardy. With regards to the outage and shutdown in operation, “Will the adoption of Libra survive the outage if it happens again in the future?”
Moreover, there is currently a global loss of over $160 million per hour according to Netblocks report.
About Diem:
Diem, formally known as Libra, is an upcoming global payments network that is expected to launch in 2021.
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