Meta CEO Mark Zuckerberg incurred a roughly $3 billion loss as a result of an hour-long global outage of many of the company’s prominent social media networks.
According to India Today, Zuckerberg’s net worth fell by $2.79 billion in one day as a result of Facebook and Instagram’s global shutdown, bringing it down to $176 billion.
Despite the hefty loss, the tech mogul remains the fourth richest person on the Bloomberg Billionaires Index.
The interruption prompted a 1.6% decrease in Meta shares, reducing his net worth. Meta shares ended the overnight trading session on Wall Street at $490.22 per.
On Tuesday night, Facebook, Instagram, and Threads users experienced issues entering their accounts on the networks, while Meta Quest users had headset login.
During the hour-long outage, Instagram and Facebook users received “failure to load” error pages. Some people could still see previous stories, but many Facebook accounts were immediately logged out.
Affected users inundated Elon Musk’s X, formerly known as Twitter, with tweets complaining about the problem.
Musk used the chance to once again insult rival Meta following the outage of its key services.
