Mark Zuckerberg’s net worth has fluctuated over time, so for the most accurate and up-to-date information, I recommend checking a reliable financial news source. As of my last knowledge update in January 2022, he was one of the wealthiest individuals globally.

On Tuesday, March 5, Meta’s servers experienced a global outage, causing Facebook, Instagram, and WhatsApp to go offline. Users faced disruptions for nearly two hours, and Meta incurred losses amounting to billions of rupees, leading to a significant drop in company shares. Mark Zuckerberg and his company suffered substantial financial setbacks within just a couple of hours.

How much loss?

According to an Economic Times report, due to the server outage, Meta’s shares witnessed a decline of approximately 1.5%. Dan Ives, the Managing Director of Webush Security, revealed that Mark Zuckerberg incurred a loss of around 100 million dollars (more than 828 crores in rupees) due to this incident. During the server downtime, the company issued a statement, stating their efforts to resolve the Facebook outage issue. Alongside the statement, they also apologized to users for the inconvenience caused.

According to the Forbes Real-Time Billionaires list, Mark Zuckerberg is currently the fifth richest person in the world. His net worth is estimated at 139.1 billion dollars, which is approximately 11,520 billion rupees.

Why did the problem arise?

A Facebook official revealed that their internal system was also down due to the issue. Meta’s service dashboard was providing major disruption warnings for its services. Experts believe that coding-related errors may be causing issues on Meta’s platform due to the disturbance.

The problem has come before also

Before this, in the year 2021, a similar issue occurred when Facebook’s social media platforms were down for 7 hours. However, this time the issue was resolved within 2 hours. According to reports, several major tech companies are adapting to changes in their operations following the European Union’s Digital Markets Act. Due to this, Meta is also undergoing a similar process. Meta is now making Facebook and Instagram more distinct for users, aiming to assist the company in pushing targeted ads according to user preferences, ultimately boosting the company’s revenue.