The incident with Facebook and a series of other applications has caused heavy damage to the Meta boss.
On the evening of March 5 (Vietnam time), a sudden technical problem occurred with Facebook, Messengers, Instagram and Threads, causing a series of users around the world to be automatically logged out of their accounts.
Although it was quickly fixed within 1 hour, this problem not only affected users of these applications but also caused Meta boss Mark Zuckerberg to suffer heavy losses.
The problem caused users to be logged out of their Facebook accounts.
Specifically, at the time of the incident, the stock price of Meta, the corporation that owns the above applications, suddenly dropped by nearly 2% in the trading session on March 5, even though in previous sessions, the corporation's stock was recorded to be on the rise.
According to Forbes data, each Meta share is currently trading on the Nasdaq (USA) at a value of 488 USD (about 12 million VND). With a 2% decrease, Meta's capitalization compared to the time before the incident has decreased by about 20 billion USD and narrowed to 1,225 billion USD.
Mark Zuckerberg's fortune drops about $2.4 billion after Facebook crash
The 2% drop in stock value also caused Mark Zuckerberg's net worth to decrease by about 1.37%, equivalent to about $2.4 billion (about VND 59,200 billion). According to Forbes, Mark Zuckerberg's current assets are $172.3 billion and this technology CEO is still the 4th richest person in the world.
After the web crash, Mark Zuckerberg also posted a reassuring message to users on social network X: "Relax, guys. Wait a few minutes and everything will be resolved."
Currently, Meta-owned applications are all working normally again.
Source: Forbes
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