Mark Zuckerberg suffers $3b loss from Facebook, Instagram's hour-long global shutdown

Meta CEO Mark Zuckerberg faced a significant setback, losing nearly $3 billion in net worth during a global outage that impacted several of the company's prominent social media platforms.

The outage led to a $2.79 billion decline in Zuckerberg's net worth, reducing it to $176 billion within a day. Despite the setback, he remains the world's fourth richest person according to the Bloomberg Billionaires Index.

The outage resulted in a 1.6% drop in Meta shares, closing at $490.22 per share in the overnight trading session on Wall Street. The disruption affected users of Facebook, Instagram, Threads, and Meta Quest, prompting complaints and even eliciting mockery from Elon Musk on his platform, X (formerly Twitter).