Meta’s CEO, Mark Zuckerberg, saw a staggering loss of close to $3 billion in a single day as the tech giant’s primary platforms, Facebook and Instagram, grappled with a widespread global outage. This unexpected turn of events sent shockwaves through the financial world.
Despite the significant hit to his net worth, which declined by $2.79 billion in just one day to $176 billion according to the Bloomberg Billionaires Index, Zuckerberg managed to retain his position as the fourth-richest individual globally.
The outage had a direct impact on Meta’s shares, causing a 1.6% decline and contributing to the erosion of Zuckerberg’s wealth.
The repercussions of the hour-long outage were felt not only by Zuckerberg but also by users of Facebook, Instagram, and Threads who encountered difficulties accessing these popular social media platforms.
Furthermore, Meta Quest users faced login issues with their headsets, while reports emerged of YouTube users experiencing errors on the platform. Despite the disruption, normalcy was eventually restored after an hour of downtime.
