Major Meta Outage Blows Mark Zuckerberg’s Net Worth

Mar 07, 2024

How Did Mark Zuckerberg Recover from The Recent Meta Outage?

After a massive stock valuation in February, Meta’s stock price faced a major hit after the recent service outage that left millions of users out of their accounts, unable to log in or even launch the app.

March 5th was a challenging day for Meta Platforms Inc. and its owner and CEO, Mark Zuckerberg’s net worth, suffering from a service disconnection across Facebook, Instagram, Messenger, Threads and even Meta Quest VR headsets.

This incident caused Meta’s stock price to drop noticeably, ending an uptrend run that started at the beginning of February. Let’s review the current Facebook outage and its impact on shareholders.

Meta Outage: What Happened?

On March 5th, 10:00 ET, reports circulated from all around the world about users being unable to log into their Facebook, Instagram, and Threads accounts, with the applications showing an error message while trying to sign in.

Other services, such as WhatsApp, worked with disruptions and unstable support. Millions of users reported issues on the “downdetector” website, which tracks the functionality of internet sites and services.

This caused panic waves around the world as many users thought they were hacked or that a major cyber threat had hit the network. However, a few minutes later, a representative shared a statement acknowledging the incident and mentioning that teams are working on resolving the issue as soon as possible.

Services returned back online shortly. However, users were frustrated due to the company’s insufficient explanation of the incident, referring to it as a “technical issue” without explicitly stating the reason.

Aftermath: Meta Stock Analysis

Despite the issue being resolved around one hour later, which extended in some locations, Meta’s stock price suffered severely. Naturally, this would cause stock devaluation as selling pressures increase.

After a massive growth on February 1st, attributed to tremendously positive earning reports where the company tripled its revenue and issued its first dividend payments, the stock price skyrocketed from $395 to over $480 in a couple of days, marking an over 20% stock growth.

This run continued until March, as stock prices went over the $500 threshold. However, the service outage remarkably affects shareholders, as Meta stock drops down to $488, closing at a 2.5% breakdown by the end of the trading session of March 5th.

This underperformance was soon offset as the stock recovered some of its value and went up to almost $500 the next day. However, this does not mean that the net worth of Mark Zuckerberg was not affected.

How Did it Affect Mark Zuckerberg’s Net Worth?

Meta’s founder, chairman, and CEO maintained his position as the fourth richest person in the world. However, the Meta outage lost him billions of dollars in a short period of time.

Speculations started growing about the amount of money the company lost in ads revenue during the disconnection. One prediction estimated that every offline minute costs $160,000, which means around $2,670 per second.

Reports stated that Mark lost $2.79 billion in one day, taking his net worth down to $176, according to the Bloomberg Billionaires Index. Note that the CEO holds around 350 million shares in Meta Inc. and his wealth experienced a massive boost of $27 billion after the last stock price surge.

Conclusion

The recent Meta service outage has severely affected the company’s stock valuation and Mark Zuckerberg’s net worth. However, the quick resolution of the issue might restore some investors’ confidence, which is pretty much needed after a tremendous uptrend rally in February.After an impressive earnings report, traders remain bullish on Meta stocks, minimising the impact of the last disconnection and focusing on the major AI and advanced technological developments the company is introducing.

Subscribe Our Newsletter

SGX CEO Confirms No Immediate Plans for Crypto Listings

Nicole Marcaida

Singapore Exchange CEO Confirms There are No Immediate Plans for Any Crypto Listings

Singapore Exchange (SGX) CEO Loh Boon Chye confirmed there are no immediate plans for cryptocurrency listings, as SGX focuses on its trusted securities and derivatives, maintaining its leading position in Asia.

Crypto
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks
Swift and CapGemini Work on CBDC Gateway to Existing Payment Networks

In a recent experiment in the previous year, in a world first, Swift has successfully completed a cross-border transaction between one entity on a DLT-based CBDC network and another on a well-established real-time gross settlement (RTGS) system. This is a significant achievement for both Swift and the wider adoption of CBDCs.

Companies
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Anna

Forex Liquidity in 6 Questions and Tips on How to Become Successful in Trading
In today’s context, it is a well known fact that Foreign Exchange market (or Forex, or FX) is the largest and the most gainful financial market in the world. Its trading volume reaches over $6 trillion daily.

discover
finviz stock screener

Hazem

What is Finviz Stock Screener​? Review & User Guide

Equity traders track various platforms and charts to make timely and informed decisions. What makes finviz stock screener​ the best tool for stock day traders?

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.