US social network company Facebook saw its stock price plummet more than 5% on Monday after its services, including Instagram and WhatsApp, went down globally for hours.
Facebook’s stock price was trading at $325 per share at 3.55 pm EDT shortly before the closing bell on the Nasdaq — down 5.25% from the previous close of $343.01 a share on Friday, according to official figures.
The company’s market value lost around $50.7 billion, standing at $915.1 billion at the time, down from $965.8 billion on Friday.
Facebook co-founder and CEO Mark Zuckerberg saw his net worth decline $6.1 billion, or 5%, to $116.5 billion on Monday, according to Forbes’ Real-Time Billionaires List where he stands at 6th place.
Facebook, Instagram and WhatsApp saw outages worldwide according to the DownDetector website that tracks internet service outages.
The outage’s cause remains unclear.