Unraveling the Meta Outage: Mark Zuckerberg’s $300 Million Loss
Insights into the Global Disruption of Meta Platforms and its Financial Impact
Reports say Meta boss Mark Zuckerberg lost around $300 million due to a significant global outage that affected Meta’s platforms like Facebook, Instagram, Threads, Messenger and WhatsApp.
According to the Bloomberg Billionaires Index, Zuckerberg’s net worth dropped by a massive $2.79 billion (Rs 23,127 crore) in just one day. It fell to $17.6 billion. However, he remained the fourth richest person in the world.
The outage was attributed to a technical issue, although no evidence of any malicious intent exists. At its peak, there were more than 550,000 reports of disruptions on Facebook and about 92,000 on Instagram.
The White House National Security Council monitored the incident. Still, it was unaware of any specific cyber attacks then.
Meta’s services faced disruption on Tuesday night. The service did not work for over an hour in countries like India. The problem started around 8:30 PM on Tuesday. Some Meta employees also reported being unable to log into their internal work systems during the outage.
Meta’s family of apps, including Facebook, Instagram, WhatsApp, and Threads, has approximately 3.19 billion daily active users worldwide. As digital platforms become crucial for communication and business, such incidents remind us about the importance of robust infrastructure to ensure uninterrupted operations.
While the exact technical details remain undisclosed, the platforms have since been restored, allowing users to resume their online activities. It’s a reminder of how interconnected our digital world is, and even the most prominent platforms can experience hiccups from time to time!
Despite being temporary, the outage significantly impacted Zuckerberg’s wealth and Meta’s stock price. This shows how service disruptions can severely affect even the largest tech firms and their leaders.
Meta’s shares declined by 1.6 percent as its services came to a halt globally. This directly caused the fall in Mark Zuckerberg’s net worth. Meta’s stock closed at $490.22 in overnight Wall Street trading.
