Meta CEO Mark Zuckerberg saw his net worth decrease by almost $3 billion within a single day following a widespread global outage experienced by the company's primary platforms, Facebook and Instagram.
Zuckerberg's net worth took a hit, dropping by $2.79 billion in a single day to a total of $176 billion, as reported by the Bloomberg Billionaires Index. Despite this decline, he maintained his position as the fourth-richest individual globally.
The outage, lasting approximately an hour, resulted in a 1.6 percent decrease in Meta's shares during overnight trading on Wall Street, contributing to the reduction in Zuckerberg's net worth. Meta's shares concluded the trading session at $490.22 each.
On Tuesday night, users encountered difficulties accessing Facebook, Instagram, and Threads, while Meta Quest users experienced login issues with their headsets. Additionally, several YouTube users reported encountering errors on the platform.
Throughout the outage, users faced challenges such as "failure to load" error pages on both Instagram and Facebook. Some Instagram users noted the ability to view older stories despite the error, while many Facebook users were automatically logged out.
During the disruption, affected individuals flooded social media platform X with posts, and its owner Elon Musk even took the opportunity to jest at Meta's expense.
Musk humorously remarked on X, stating, "If you’re reading this post, it’s because our servers are working."
