FACEBOOK: Money Lost Not My Biggest Concern – Zuckerberg

Facebook CEO, Mark Zuckerberg has said that he is not worried about the wealth he lost as a result of the Facebook outage which occurred on Monday.

The outage, which lasted 6 hours, also affected sister companies WhatsApp and Instagram, which shut out users of all three apps worldwide.

Reports revealed that Zuckerberg’s wealth fell by about $7 billion as a direct result of the outage, but the billionaire said the dip in his riches is not his primary concern.

He made this known in a post to his Facebook account late on Tuesday.

“The deeper concern with an outage like this isn’t how many people switch to competitive services or how much money we lose, but what it means for the people who rely on our services to communicate with loved ones, run their businesses, or support their communities,” he said.

According to him, “The SEV (severity) that took down all our services yesterday (Monday) was the worst outage we’ve had in years. We’ve spent the past 24 hours debriefing how we can strengthen our systems against this kind of failure. This was also a reminder of how much our work matters to people.”

Another contributing factor to the reduction in his wealth, is the whistleblower who came forward accusing Facebook of allowing and deliberately pushing harmful and negative content on its platforms to boost profit.

Zuckerberg said the accusations are not true, describing them as “deeply illogical”.

“I’m sure many of you have found the recent coverage hard to read because it just doesn’t reflect the company we know. We care deeply about issues like safety, well-being and mental health. It’s difficult to see coverage that misrepresents our work and our motives. At the most basic level, I think most of us just don’t recognize the false picture of the company that is being painted.

“The argument that we deliberately push content that makes people angry for profit is deeply illogical. We make money from ads, and advertisers consistently tell us they don’t want their ads next to harmful or angry content. And I don’t know any tech company that sets out to build products that make people angry or depressed. The moral, business and product incentives all point in the opposite direction,” he said.