October 23, 2021

Daily Best Articles

Get The Latest Update Here

Bitcoin becomes more valuable than Facebook after the fall of the social network


You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.

Bitcoin became a more valuable asset than Facebook after the company and its associated social networks suffered a crash.

André François McKenzie vía Unsplash / Editada por Entrepreneur en español

At the time of writing, the cryptocurrency has a market capitalization of $ 947 billion, according to CoinMarketCap , which exceeds the current $ 939 billion of Mark Zuckerberg’s company , according to Yahoo! finance .

Shares in the tech company fell 5% on Monday as the company was hit by a massive outage in Facebook , Instagram and WhatsApp apps. This is in addition to the 15% drop that occurred in mid-September.

On the other hand, Zuckerberg’s wealth fell by $ 6.6 billion, causing him to fall to sixth on Bloomberg’s list of billionaires within hours.

Right now Zuckerberg is in the fifth position of the index with a fortune of 122 billion dollars. All this has been a consequence of the interruption that his company suffered, since his main applications were offline for a period of more than six hours.



Source link