Meta CEO Mark Zuckerberg experienced a significant loss of approximately $3 billion in a single day following a global outage that impacted the company’s flagship platforms, Facebook and Instagram. According to the Bloomberg Billionaires Index, his net worth dropped by $2.79 billion to $176 billion. Despite this decline, Zuckerberg managed to maintain his position as the world’s fourth-richest individual.
The outage caused a 1.6% decrease in Meta’s share price, contributing to the reduction in Mark Zuckerberg’s net worth. Meta’s shares concluded the overnight trading session on Wall Street at $490.22 per share.
Impact of the global outage on Meta
Users worldwide faced difficulties accessing Facebook, Instagram, YouTube, and Threads. Additionally, Meta Quest users experienced login issues with their headsets, while some YouTube users encountered error messages when trying to access the page. The outage lasted for about an hour before normal functionality resumed across all applications.
User experience during the outage
Many users reported encountering “failure to load” error pages on both Facebook and Instagram. Despite the error, some Instagram users were still able to view their existing stories on the platform. For Facebook specifically, many users were automatically logged out during the outage.
Users took to Twitter to report the outage
Twitter, formerly known as X, was flooded with posts from users worldwide sharing their difficulties accessing the platform during the outage. Elon Musk, the owner of Twitter, also took the opportunity to mock Meta during this time.
