Facebook and Instagram global outage costs Zuckerberg $3 billion

Mark Facebook Instagram

(Daily Point) — In the wake of a global outage that affected Facebook, Instagram, and other Meta platforms, Mark Zuckerberg, the CEO of Meta, incurred a substantial loss of nearly $3 billion in a single day.

Despite this setback, Zuckerberg retains his position as the fourth richest person globally, boasting a net worth of $176 billion. The outage resulted in a 1.6% dip in Meta’s shares, contributing to the decline in Zuckerberg’s wealth.

The disruption, which occurred on Tuesday night, impacted users worldwide, causing difficulties in accessing Facebook, Instagram, Threads, and Meta Quest VR headsets. Some YouTube users also reported issues with the platform. The service interruption persisted for approximately an hour before returning to normal.

During the outage, users encountered error messages on Instagram and Facebook, and some were automatically logged out of their accounts. Despite the challenges, users shared their experiences and frustrations on various platforms. Elon Musk, the owner of X, seized the opportunity to make a lighthearted jab at Meta, humorously suggesting that if users could view his post, it indicated that X’s servers were functioning correctly.

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