Advertisement
Categories: NewsTechWorld

Meta Outage Costs Zuckerberg Nearly $3 Billion in Net Worth Plunge

Advertisement

During a widespread hour-long outage that affected Meta’s social media platforms, CEO Mark Zuckerberg suffered a substantial loss of almost $3 billion in net worth, according to India Today.

Zuckerberg’s net worth experienced a sharp decline of $2.79 billion due to the global shutdown of Facebook and Instagram, bringing his total net worth down to $176 billion within a single day. Despite this setback, he maintains his position as the fourth richest person globally, as per the Bloomberg Billionaires Index.

Read also: Global Outage: Meta’s Platform Facebook, Instagram, and Messenger Down

The outage triggered a 1.6% dip in Meta shares, contributing to the erosion of Zuckerberg’s overall net worth, with Meta shares closing at $490.22 per share during the overnight trading session on Wall Street.

Users of Facebook, Instagram, and Threads encountered difficulties accessing their accounts, while Meta Quest users faced login issues with their headsets. Additionally, numerous YouTube users reported errors while using the platform.

Throughout the outage, Instagram and Facebook users were confronted with “failure to load” error pages, with some users automatically logged out of their Facebook accounts or experiencing limited access to older stories.

Frustrated users turned to Elon Musk’s X (formerly known as Twitter) to voice their complaints, with Musk taking the opportunity to taunt rival Meta after its flagship platforms experienced a significant outage.

Advertisement
Izaan Zubair

With a passion and curiosity for technology, Izaan is a seasoned writer with four years of experience. His expertise lies in translating complex tech updates into engaging stories. Beyond technology, Izaan keeps a finger on the pulse of worldly news, crafting exclusive narratives that inform and inspire his readers.

Recent Posts

PDA and Arid Agriculture University Sign MoU to Strengthen Industry-Academia Collaboration in Dairy Sector

Pakistan Dairy Association (PDA) and Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi have signed…

44 minutes ago

ZTBL and PDA Forge Strategic Alliance to Drive Pakistan’s Dairy Sector Modernisation

Zarai Taraqiati Bank Limited (ZTBL) and the Pakistan Dairy Association (PDA) have signed a memorandum…

21 hours ago

Trump Cites Five Jets Downed in India-Pakistan Clash, Credits U.S. with Preventing Nuclear Crisis

U.S. President Donald Trump said up to five fighter jets were brought down during the…

6 days ago

Spotify Spotlights Pakistan’s Breakout Star Afusic as the RADAR Artist for Q3

Spotify's RADAR Pakistan returns this quarter, spotlighting Afusic as its latest featured artist. Afusic is…

6 days ago

OICCI Statement on the Recent Loss of Lives Due to Flooding and Extreme Weather Events in Pakistan

The Overseas Investors Chamber of Commerce and Industry (OICCI) is deeply saddened by the tragic…

6 days ago

Stopover in Dubai: what to do, where to eat and where to stay

If you’re planning a Dubai getaway that’s got a little bit of everything, world-class shopping,…

6 days ago