Mark Zuckerberg lost billions in one hour — here’s why

Meta shares closed Tuesday's trading session on Wall Street at $490.22 as the outage caused a 1.6% decline
An undated image of Meta CEO Mark Zuckerberg. — Inc. Magazine
An undated image of Meta CEO Mark Zuckerberg. — Inc. Magazine

Meta CEO Mark Zuckerberg’s net worth has declined by $2.79 billion due to an hour-long global outage of several popular social media platforms, including Facebook, Instagram, Messenger, etc.

According to a report published by India Today, Zuckerberg’s net worth declined to $176 billion a day; however, despite massive losses, he managed to maintain his position as the world’s fourth richest person on the Bloomberg Billionaires Index.

Read more: Facebook, Instagram back online after hour-long outage

On Tuesday night, Facebook, Instagram, and Threads users faced difficulties accessing their accounts on the platforms, while Meta Quest users had headset login issues, and several YouTube users reported errors while using the platform.

Meta shares closed the overnight trading session on Wall Street at $490.22 as the outage caused a 1.6% decline.