Re:Facebook-owned sites were down
by pythonaut_16 on Monday October 04, 2021 @04:42PM
(#28751823)
Unrelated to the outage, but I hate headlines like this.
Facebook is down ~5% today. That's a huge plunge to be sure, but Zuckerberg hasn't "lost" anything. He owns the same number of shares today as he did yesterday. And in all likelihood, unless something truly catastrophic happens the share price will bounce back fairly quickly. The only reason he even appears to have lost $7 billion is because he owns so much Facebook stock.
Facebook is down ~5% today. That's a huge plunge to be sure, but Zuckerberg hasn't "lost" anything. He owns the same number of shares today as he did yesterday. And in all likelihood, unless something truly catastrophic happens the share price will bounce back fairly quickly. The only reason he even appears to have lost $7 billion is because he owns so much Facebook stock.
These types of alarmist headlines are inane.