Mark Zuckerberg loses $3B from Facebook, Instagram's hour-long global outage
Mark Zuckerberg has suffered a loss of nearly $3 billion from Facebook and Instagram’s hour-long global outage.
As reported, Mark Zuckerberg’s, the CEO of Meta, net worth declined by $2.79 billion following Facebook and Instagram’s global shutdown bringing it to $176 billion in a day.
According to media reports, Zuckerberg’s, net worth dropped to $176 billion on the Bloomberg Billionaires Index, making him the fourth-richest person globally.
As reported, the global outage on Tuesday caused a 1.6% decline in Meta shares, leading to the erosion of his net worth. Meta shares closed the overnight trading session on Wall Street at $490.22 apiece.
Hundreds of thousands of users across the globe were locked out of Meta-owned platforms Facebook, Instagram, Messenger, and Threads on Tuesday.
The disruptions reportedly started at around 10:00 a.m. ET (1500 GMT).
After sorting out the issue, Meta said that it had resolved a “technical issue” which caused Facebook, Messenger and Instagram to go down.
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