Global Outage Impact: Meta Forced To Lose Big Time!
On the 5th of this month, Meta's platforms Facebook and Instagram were down. It is said that this is the situation across the globe. Outage is said to be the reason behind this.
By: Tupaki Desk | 8 March 2024 12:28 PM GMT
A few days back leading social media giants like Instagram, Facebook, and others were down across the globe. The platforms going down without any warning left the users shocked. Few of them even worried about possible hacking. The social media platforms reportedly faced a global outage.
It is said that Meta's platforms faced a 30-minute global outage. After everything came back to normal the users took to social media to vent out their frustration. The opponent platforms also used this as an opportunity to take a dig at the platforms.
On the 5th of this month, Meta's platforms Facebook and Instagram were down. It is said that this is the situation across the globe. Outage is said to be the reason behind this.
The outage is said to have left a big impact with Mark Zuckerberg's Meta reportedly losing a big amount of $3 billion. Reports say that the company shares saw a big dip due to the outage.
The experts say that when the platforms were going through an outage the company's share saw a dip of 1.6%, which forced Meta CEO Mark Zuckerberg to lose as much as $3 billion. The amount he lost in a day is very huge. However, that did not change his position on the rich list.
During the late hours users could not use Facebook and Instagram as they were asked to log in again to continue the services. However, users say that they could not use the services despite logging in.
A platform that traces the trading and the share prices of various companies said that Meta's shares saw a big dip when the platforms were going through issues.
