During a widespread outage of Meta flagship platforms Facebook and Instagram, Meta CEO Mark Zuckerberg experienced a significant decline in his net worth, reportedly losing nearly $3 billion in a single day, according to the Bloomberg Billionaires Index. Despite this financial setback, Zuckerberg maintained his position as the fourth-richest person globally.
The outage, which lasted for about an hour, caused Meta shares to decrease by 1.6%, contributing to the decline in Zuckerberg’s net worth. At the end of the overnight trading session on Wall Street, Meta shares closed at $490.22 each.
The outage impacted users across Meta platforms, including Facebook, Instagram, and Threads. Additionally, Meta Quest users encountered login issues with their headsets, while some YouTube users reported errors on the platform.
During the outage, users faced difficulties accessing Facebook and Instagram, encountering “failure to load” error pages. Despite the errors, some Instagram users could still access older stories, while many Facebook users found themselves automatically logged out during the downtime.
The outage prompted affected individuals to take to social media to share their experiences, with many flooding platform X with posts. Elon Musk, owner of platform X, took the opportunity to humorously mock Meta, stating, “If you’re reading this post, it’s because our servers are working.”
Overall, the outage highlighted the impact of technical disruptions on both users and the financial standing of tech giants like Meta and its CEO Mark Zuckerberg.
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