The exact cause of the outage has not been confirmed by Facebook, but one expert said the problem may have been caused by an internal error made by staff that effectively erased the site from the internet. NetBlocks, which tracks internet outages and their impact, estimate the outage cost the global economy $160m (£117 million), and sent the Facebook share price down by more than five per cent - meaning that the firm's founder Mark Zuckerberg lost around $7billion of his fortune in a matter of hours.
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