In a rollercoaster day for Meta, the parent company of Facebook and Instagram, CEO Mark Zuckerberg saw his wealth plummet by a staggering $2.79 billion amidst a widespread global outage of the social media platforms. The outage, which affected millions of users worldwide, led to a 1.6% drop in Meta’s shares, closing at $490.22 each.
The disruption, which occurred on Tuesday night, left users unable to access Facebook, Instagram, Threads, and even caused issues for Meta Quest VR headset users. Some YouTube users also reported difficulties with the platform. The outage lasted approximately an hour before services were restored.
During the downtime, users encountered error messages on Facebook and Instagram, with some experiencing automatic logouts from their accounts. Despite the frustration, humor ensued on another social media platform called X, where Elon Musk, the owner, took a jab at Meta. Musk teased that if users could see his post, it meant X’s servers were up and running smoothly.
Despite the setback, Mark Zuckerberg remains the fourth richest person globally, with a total wealth of $176 billion. However, the outage serves as a reminder of the vulnerability of even the largest tech giants to technical glitches, impacting millions of users worldwide.
